Business, 21.03.2020 03:21 firefox1fan
Bramble Corp. received a check for $17640 on July 1, which represents a 6-month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $17640. Financial statements will be prepared on July 31. Bramble's should make the following adjusting entry on July 31:.
a. debit Unearned Rent Revenue, $2,500; credit Rent Revenue, $2,500.
b. debit Rent Revenue, $2,500; credit Unearned Rent Revenue, $2,500.
c. debit Unearned Rent Revenue, $15,000; credit Rent Revenue, $15,000.
d. debit Cash, $15,000; credit Rent Revenue, $15,000.
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Bramble Corp. received a check for $17640 on July 1, which represents a 6-month advance payment of r...
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