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Ozarks Rental Co. collected $50,000 of rent for the period December 1 of the current year to May 1 of the next year, which was

Ozarks Rental Co. collected $50,000 of rent for the period December 1 of the current year to May 1 of the next year, which was credited to Unearned Rent Revenue on December 1. What is the balance in the Unearned Rent Revenue account related to this transaction after the adjusting journal entry is made on December 31 of the current year?

a. $40,000

b. $30,000

c. $0

d. $50,000

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