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Required information (The following information applies to the questions displayed below.) On November 1, 2019. Gordon Co. collected $7,260 in cash from its tenant as

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Required information (The following information applies to the questions displayed below.) On November 1, 2019. Gordon Co. collected $7,260 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed. b. Calculate the amount of unearned rent that should be shown on the December 31, 2019, balance sheet with respect to this lease. Unearned rent

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