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Pappy corporation received cash of $36,000 on May 1, 2020 for one year's rent in advance and recorded the transcation with a credit to Unearned
Pappy corporation received cash of $36,000 on May 1, 2020 for one year's rent in advance and recorded the transcation with a credit to Unearned rent revenue. The december 31,2020 adjusting entry is
a. debit cash and credit unearned rent revenue, $24,000
b. debit unearned rent rev and credit rent rev, $24,000
c. debit unearned rent rev and credit rent rev, $12,000
d. debit rent rev, and credit unearned rent rev, $24,00
pleas answer fast thanks
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