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The Krug Company collected $9,600 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent
The Krug Company collected $9,600 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. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal to search The company charges $105 per insect treatment. A customer paid $420 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal On September 1, a client paid the company $31,200 cash for six months of rent in advance (the client leased a building and took occupancy immediately). The company recorded the cash as Unearned Rent Revenue. Note: Enter debits before credits. Transaction General Journal Debit Credit OL Record entry Clear entry View general journal wew Seard LUM CW
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