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What is the unearned rent revenue and rent revenue

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Question - Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year.

On September 1, a client paid the company $43,200 cash for six months of rent in advance (the client leased a building and took occupancy immediately). The company recorded the cash as Unearned Rent Revenue. What is the unearned rent revenue and rent revenue?

Reference no: EM132855543

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