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Sarasota Realty Management Co. received a check for $45000 on October 1 , which represents a one-year advance payment of rent on an office it
Sarasota Realty Management Co. received a check for $45000 on October 1 , which represents a one-year advance payment of rent on an office it rents to a client. Unearned Rent Revenue was credited for the full $45000. Financial statements are prepared on December 31. The appropriate adjusting journal entry to make on December 31 of the first year would be Step by Step Solution
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Management Accounting Text Problems And Cases
Authors: M. Y. Khan, P K Jain
7th Edition
9352606787, 978-9352606788
