The Oliver Construction Company received $18,000 for six months rental income in advance on November 1, 2014, and credited the Rental Revenue account. The required adjusting entry on December 31, 2014, would include a
A) credit to Rental Revenue for $6,000
B) debit to Rental Revenue for $12,000
C) credit to Rental Receivable for $12,000
D) debit to Rental Revenue for $6,000
Correct Answer:
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