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How much will be in the Deferred Rent Revenue

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Reference no: EM132470014

Problem - On October 1, Taylor Company received $31,800 for six months of rent in advance.

Required -

1. How much would be recognized as rent revenue by the end of the year?

2. How much will be in the Deferred Rent Revenue account by the end of the year, after the adjusting entries have been prepared and posted?

Reference no: EM132470014

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