On June 1, 2010, Whipple Corporation received $2, 520 in advance for a two-year rental of some land and properly credited Unearned Rent.In the adjusting entry at December 31, 2010, there would be a
A) debit to Unearned Rent for $630
B) credit to Rent Revenue for $735
C) credit to Unearned Rent for $735
D) debit to Unearned Rent for $2, 520
Correct Answer:
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