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Somerset received $ 3 3 , 6 0 0 from a customer for 1 2 months' rent in advance of the rental period. How should
Somerset received $ from a customer for months' rent in advance of the rental period. How should Somerset record this transaction? Multiple Choice tableAccount Title,Debit,CreditRent revenue,Deferred rent revenue,, tableAccount Title,Debit,CreditCashRent revenue,, tableAccount Title,Debit,CreditDeferred rent revenue,Rent revenue,, tableAccount Title,Debit,CreditCashDeferred rent revenue,,
Somerset received $ from a customer for months' rent in advance of the rental period. How should Somerset record this transaction?
Multiple Choice
tableAccount Title,Debit,CreditRent revenue,Deferred rent revenue,,
tableAccount Title,Debit,CreditCashRent revenue,,
tableAccount Title,Debit,CreditDeferred rent revenue,Rent revenue,,
tableAccount Title,Debit,CreditCashDeferred rent revenue,,
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