Question: Show me the steps to solve this problem Question 6 11 pts Morris Company collected $7,000 on Oct 1 from a tenant for one year

Show me the steps to solve this problem

Question 6 11 pts Morris Company collected $7,000 on Oct 1 from a tenant for one year of rent. On Oct 1 Morris Company increased Cash and Deferred Revenue for the amount collected. The unadjusted balances at Dec 31 include: Rent Revenue $10,000 Deferred Revenue $7,000 What is the amount of Rent Revenue reported on Dec 31 Income Statement for the current year

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