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04-01-2023
Business

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Fragmental company leased a portion of its store to another company for eight months beginning on october 1, at a monthly rate of $1,175. Fragmental collected the entire $9,400 cash on october 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by fragmental company on december 31 would be:.

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