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XYZ Co received cash of $9,000 on 1/9 2020 for six months rent in advance and recorded the transaction with a credit to Uneared Rent
XYZ Co received cash of $9,000 on 1/9 2020 for six months rent in advance and recorded the transaction with a credit to Uneared Rent Revenue. The 31/12/ 2020 adjusting entry is Select one: O a. debit Rent Revenue and credit Uneared Rent Revenue, $6,000 b. debit Cash and credit Unearned Rent revenue $3,000 c. debit Rent Revenue and credit Unearned Rent Revenue, 53,000 d. debit Unearned Rent Revenue and credit Rent Revenue, 56,000
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