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On October 1, 2014, Workout Co. received $15,000 for the rent of land for 12 months and

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On October 1, 2014, Workout Co. received $15,000 for the rent of land for 12 months and recorded the amount to rent revenue. Journalize the adjusting entry required for unearned rent as at December 31, 2014. The unearned rent account is at zero. Show T accounts.
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Rent Revenue 11250 Unearned Rent 11250 Adjustme...View the full answer


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