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PPW Co. leased a portion of its store to another company for eight months beginning on October 1 , at a monthly rate of $1,125.

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PPW Co. leased a portion of its store to another company for eight months beginning on October 1 , at a monthly rate of $1,125. This other company paid the entire $9,000 cash on October 1 , which PPW Co. recorded as revenue. The journal entry made by PPW Co. at year-end on December 31 would include: Multiple Choice A debit to Cash for $9,000 A credit to Rent Revenue for $3,375. A credit to Revenue received in advance for $3,375. A debit to Rent Revenue for $3,375. A credit to Revenue received in advance for $5,625

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