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    College Accounting Study Set 1
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
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    The Adjusting Entry to Record Rental Income That Is Earned
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The Adjusting Entry to Record Rental Income That Is Earned

Question 63

Question 63

True/False

The adjusting entry to record rental income that is earned would involve a debit to Rental Income and a credit to Unearned Rent Revenue.

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