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Your answer is partially correct. Monty Corporation owns a warehouse. On November 1. it rented storage space to a lessee (tenant) for 3 months for
Your answer is partially correct. Monty Corporation owns a warehouse. On November 1. it rented storage space to a lessee (tenant) for 3 months for a total cash payment of $3,600 received in advance. Prepare Monty's November 1 journal entry and the December 31 annual adjusting entry. (Credit account titles are automatically indented when anount is entered. Do not indent manually. .1 no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Recond joumal entries in the order presented in the
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