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Financial statements will be prepared on july 31 action

Action Real Estate received a check for $18,000 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent was credited for the full $18,000. Financial statements will be prepared on July 31. Action Real Estate should make the following adjusting entry on July 31:

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Accounting Basics: Financial statements will be prepared on july 31 action

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Accounting Basics: Financial statements will be prepared on july 31 action

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