Multiple Choice
Max received $6,000 in advance for renting part of his building.What is the entry to record the receipt of payment?
A) Debit Cash;credit Rent Expense
B) Debit Cash;credit Prepaid Rent Expense
C) Debit Cash;credit Unearned Rent Revenue
D) Debit Cash;credit Rental Income
Correct Answer:
Verified
Correct Answer:
Verified
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