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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
On January 1 Corporate Condos, Inc received $96,000 for one year's rent for building A. What would the adjusting entry be on March 31?
A) Debit Rent Expense $8,000, credit Prepaid Rent $8,000
B) Debit unearned rent revenue $8,000, credit rent revenue $8,000
C) Debit Rent Expense $24,000, credit Prepaid Rent $24,000
D) Debit unearned rent revenue $24,000, credit rent revenue $24,000
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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bravata Author
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6 years ago
This is a life saver
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