On October 1, 2021 Adam Realty collected P28,000 from a tenant representing an advance collection from building rentals for one year. The accounting period ends on December 31, 2021. The amount of Unearned Rent Income for December 31, 2021 is? O 21,000 O 7,000 O 28,000
On October 1, 2021 Adam Realty collected P28,000 from a tenant representing an advance collection from building rentals for one year. The accounting period ends on December 31, 2021. The amount of Unearned Rent Income for December 31, 2021 is? O 21,000 O 7,000 O 28,000
Chapter21: Partnerships
Section: Chapter Questions
Problem 55P
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