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The unearned rent account balance at December 31 is $86,000, representing the receipt of an advance payment on December 1 for four months' rent from
The unearned rent account balance at December 31 is $86,000, representing the receipt of an advance payment on December 1 for four months' rent from tenants. Journalize the adjusting entry to record the rent that was earned during the month of December.
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