Multiple Choice
Sam received $2,000 in advance for renting part of his building for 4 months.What is the entry to record the adjustment after one month has passed?
A) Debit Cash;credit Rental Income
B) Debit Cash;credit Unearned Rent Revenue
C) Debit Unearned Rent,credit Rental Income
D) Debit Unearned Rent,credit Cash
Correct Answer:
Verified
Correct Answer:
Verified
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