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Tate Corporation received cash of $72,000 on September 1, 2022 for one years rent in advance and recorded the transaction with a credit to Unearned

Tate Corporation received cash of $72,000 on September 1, 2022 for one years rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2022 adjusting entry is

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Debit Rent Revenue and credit Unearned Rent Revenue, $48,000

Debit Unearned Rent Revenue and credit Rent Revenue, $24,000

Debit Rent Revenue and credit Unearned Rent Revenue, $24,000

Debit Cash and credit Unearned Rent Revenue, $48,000

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