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Rent Revenue 8,000 3. On September 1, your calendar year company rents a machine to another firm for $24,000 a year. If, at year end,
Rent Revenue 8,000 3. On September 1, your calendar year company rents a machine to another firm for $24,000 a year. If, at year end, $15,000 has been received and recorded in Rent Revenue, what adjusting entry do you record at year end? Rent Revenue 8,000 a. Unearned Rent Revenue Unearned Rent Revenue 8,000 b. 7,000 Rent Revenue Unearned Rent Revenue 7,000 C. 8,000 Rent Revenue 8,000 d. Rent Revenue 7,000 Unearned Rent Revenue 7,000
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