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Business, 03.03.2020 19:58 vallhernandez13

On November 1, 2016, Gordon Co. collected $75,600 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2017, at which time the contract may be renewed.

a-1. Use the horizontal model to record the effect of the six months of rent collected in advance on November 1, 2016 for Gordon Co. (Use amounts with + for increases and amounts with – for decreases.) Fill in all yellow boxes

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On November 1, 2016, Gordon Co. collected $75,600 in cash from its tenant as an advance rent payment...
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