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Business, 22.10.2019 20:00 pizarroisaid

Rem real estate received a check for $27,000 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 $27,000. financial statements will be prepared on july 31. rem real
estate should make the following adjusting entry on july 31:

a. debit unearned rent revenue, $4,500; credit rent revenue, $4,500.
b. debit rent revenue, $4,500; credit unearned rent revenue, $4,500.
c. debit unearned rent revenue, $27,000; credit rent revenue, $24,000.
d. debit cash, $27,000; credit rent revenue, $27,000.

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Rem real estate received a check for $27,000 on july 1 which represents a 6 month
advance paym...
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