Question: On September 1 , 2 0 2 0 , Taylor Inc. received $ 1 2 0 , 0 0 0 from Bengals Inc for a

On September 1,2020, Taylor Inc. received $120,000 from Bengals Inc for a six-month lease of warehouse space. The lease starts on December 1,2020. Following the
December 31,2020 adjusting entry, what is the ending balance in unearned revenue?
Select one:
a. $120,000
b. $110,000
c. $100,000
d. $20,000
e. $10,000
On September 1,2020, Taylor Inc. received $120,000 from Bengals Inc for

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