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Calculate the adjusting entry made by Fragmental Co

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Question - Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $825. Fragmental collected the entire $6,600 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, calculate the adjusting entry made by Fragmental Co. on December 31?

Reference no: EM132234517

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