Business, 19.03.2021 02:50 ohamieem

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,125. Fragmental collected the entire $9,000 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:

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Fragmental Co. leased a portion of its store to another company for eight months beginning on Octobe...

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