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Sagot :
The entry will include a Debit of Unearned rent revenue and Credit of rent revenue.
What are we preparing?
Here, we are preparing the entry to record the rent revenue in account.
Date Account titles and Explanation Debit Credit
Unearned rent revenue $4,000
{($12,000 / 6 ) * 2]
Rent revenue $4,000
In conclusion, the entry will include a Debit of Unearned rent revenue and Credit of rent revenue.
Read more about rent revenue
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