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Posted on Jul 28, 2024

The Krug Company collected $ 1 5 , 6 0 0 rent in advance on November 1 , debiting Cash and crediting Unearned Rent Revenue.

The Krug Company collected $

15, 600

rent in advance on November

1,

debiting Cash and crediting Unearned Rent Revenue. The tenant was paying

12

months

rent in advance and occupancy began November

1 .

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