Multiple Choice
On November 1, Call Center received $4,800 for two years' rent in advance from Garrett Company. The November 30 adjusting entry that Call Center should make is to:
A) debit Rental Income; credit Unearned Rent $4,800.
B) debit Cash; credit Rental Income $4,800.
C) debit Unearned Rent; credit Rental Income $200.
D) debit Unearned Rent; credit Rent Expense $200.
Correct Answer:
Verified
Correct Answer:
Verified
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