Multiple Choice
Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service.
A) Prepaid Rent, debit; Rent Revenue, credit
B) Cash, debit; Unearned Rent, credit
C) Cash, debit; Prepaid Rent, credit
D) Cash, debit; Rent Expense credit
Correct Answer:
Verified
Correct Answer:
Verified
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