Question: On August 1 , 2 0 2 4 , collected $ 1 3 , 2 0 0 in advance rent from another company that is

On August 1,2024, collected $13,200 in advance rent from another company that is renting a portion of Microchips factory. The $13,200 represents one years rent and the entire amount was credited to deferred rent revenue at the time cash was received.

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