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Summer Leasing received $10,200 for 24 months rent in advance. How should Summer record this transaction? Multiple Choice Debit rent expense; credit cash ) Debit

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Summer Leasing received $10,200 for 24 months rent in advance. How should Summer record this transaction? Multiple Choice Debit rent expense; credit cash ) Debit cash; credit deferred revenue Debit cash; credit service revenue Debit prepaid rent; credit rent expense

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