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Sandhill Company sublet a portion of its warehouse for five years at an annual rental of $72900, beginning on May 1, 2020. The tenant, Dorothy
Sandhill Company sublet a portion of its warehouse for five years at an annual rental of $72900, beginning on May 1, 2020. The tenant, Dorothy Taylor, paid one year's rent in advance, which Sandhill recorded as a credit to Unearned Rent Revenue. Sandhill reports on a calendar-year basis. The adjustment on December 31, 2020 for Sandhill should be
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