Business, 03.04.2020 04:00 lilquongohard
Bonita Realty Management Co. received a check for $30,000 on October 1, which represents a one year advance payment of rent on an office it rents to a client. Unearned Rent Revenue was credited for the full $30,000. Financial statements are prepared on December 31. The appropriate adjusting journal entry to make on December 31 of the first year would be:
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Bonita Realty Management Co. received a check for $30,000 on October 1, which represents a one year...
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