Question: a . On April 1 , a business collected $ 3 comma 0 0 0 rent in advance, debiting Cash and crediting Unearned Revenue. The

a. On April 1, a business collected $ 3 comma 000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. At December31, the business must account for the amount of rent it has earned.

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