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    Financial Accounting Study Set 18
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    Exam 4: Adjustments, Financial Statements, and the Quality of Earnings
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    On December 31, 2016, the Manager of Jordan Creek Apartments
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On December 31, 2016, the Manager of Jordan Creek Apartments

Question 114

Question 114

Essay

On December 31, 2016, the manager of Jordan Creek Apartments noticed that four tenants had not paid their December rent amounting to $500 each. What is the adjusting entry required on December 31, 2016?

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