Question: Question 20 - Test 1 - Connect Homepage - Prin Financial Acctg! Saved Help Save & Exit Submit Fragmental Co, leased a portion of its
Question 20 - Test 1 - Connect Homepage - Prin Financial Acctg! Saved Help Save & Exit Submit Fragmental Co, leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,200. Fragmental collected the entire $9.600 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be 7:52 Multiple Choice A debit to Rent Revenue and a credit to Cash for $3,600, A debit to Cash and a credit to Rent Revenue for $9,600 A debit to Rent Revenue and a credit to Unearned Rent for $3,600. A debit to Unearned Rent and a credit to Rent Revenue for $3,600,
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