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Business, 23.04.2020 18:00 riddhi1

Blossom Company received a check for $28320 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 $28320. Financial statements will be prepared on July 31.

Prepare Blossom's adjusting entry on July 31.

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