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    Financial Accounting Study Set 31
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    Exam 3: Adjusting the Accounts
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    Rent Received in Advance and Credited to a Rent Revenue
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Rent Received in Advance and Credited to a Rent Revenue

Question 1

Question 1

True/False

Rent received in advance and credited to a rent revenue account which is still unearned at the end of the period, will require an adjusting entry crediting a liability account for the amount still unearned.

Correct Answer:

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