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The remaining basement of the store is rented for $1,600 per month to another merchant, M. Carlos IncCarlos sells compatible, but not competitive, merchandise. On
The remaining basement of the store is rented for $1,600 per month to another merchant, M. Carlos IncCarlos sells compatible, but not competitive, merchandise. On november 1 of the current year, the store collected six months' rent in the amount of $9,600 in advance from Carlos; it was credited in full unearned rent revenue when collected
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