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You have a client that owns several rental properties. One of your client's tenants wrote you a check on November 30 for $30,000 representing the
You have a client that owns several rental properties. One of your client's tenants wrote you a check on November 30 for $30,000 representing the rent on a small office for December--May. The client recorded the transaction on November 30 as follows: 30,000 Cash Rent Income 30,000 No other entries regarding this item have been made. Prepare any necessary adjusting entry at December 31
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