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What account and amount would the lessor company debit

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Question - Fox Co. leases equipment and prepays Owl Co. $135,000, the total lease payments for the entire 9-month lease, starting on March 1, 2020. If this lease is properly categorized as an Operating Lease for Owl Co., what account and amount would the lessor company debit for their first adjusting entry for this lease on June 30, 2020?

a. Rent Revenue 60,000

b. Unearned Rent 60,000

c. Prepaid Rent 60,000

d. Prepaid Rent 75,000

e. Unearned Rent 75,000

Reference no: EM132603497

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