Question: Sam The Man received $ 2 0 , 0 0 0 from a tenant on December 1 for five months rent of

Sam $“$ The Man $”$ received $ $20, 000$ from a tenant on December $1$ for five months $’$ rent of an office. This rent was for December, January, February, March, and April.

If Sam debited Cash and credited Unearned Rental Income for $ $20, 000$ on December $1,$ what necessary adjustment would be made on December $31 ? Calculate.$

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