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Zumba Rental Agency prepares monthly financial statements. On September 1, a check for $9,600 was received from a tenant for six months’ rent.

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Question

Zumba Rental Agency prepares monthly financial statements. On September 1, a

check for $9,600 was received from a tenant for six months’ rent. The full amount was credited to Rent Revenue. Prepare the adjusting entry the company should make on September 30.

 
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