Garcia Corporation received cash of $60,000 on August 1, 202…

Questions

Gаrciа Cоrpоrаtiоn received cash of $60,000 on August 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2020 adjusting entry is:

Gаrciа Cоrpоrаtiоn received cash of $60,000 on August 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2020 adjusting entry is:

Gаrciа Cоrpоrаtiоn received cash of $60,000 on August 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2020 adjusting entry is: