On June 1, 2015, Little Corporation received $5,320 in advance for a two-year rental of some land

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On June 1, 2015, Little Corporation received $5,320 in advance for a two-year rental of some land and properly credited Unearned Rent. In the adjusting entry at December 31, 2015, there would be a

a. debit to Unearned Rent for $1,108.

b. credit to Rent Revenue for $1,552.

c. credit to Unearned Rent for $1,552.

d. debit to Unearned Rent for $5,320.

Related Book For answer-question

Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Posted Date: Jan 04, 2021 11:24 PM

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On June 1, 2015, Little Corporation received $5,320 in advance for a two-year rental of some land

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Financial Accounting Information for Decisions

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