On December 1,Phone Center received $4,800 for two years' rent in advance from Garrison Company.The December 31 adjusting entry that Phone Center should make is to:
A) debit Rental Income; credit Unearned Rent $2,400.
B) debit Cash; credit Rental Income $2,400.
C) debit Unearned Rent; credit Rental Income $200.
D) debit Unearned Rent; credit Rent Expense $200.
Correct Answer:
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