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QUESTION

The insurance premium in the exhibit covers a period of one year six months two years 2. Using the version for Unearned Rent, you can determine that...

1. The insurance premium in the exhibit covers a period of

  1. one year
  2. six months
  3. two years

2. Using the version for Unearned Rent, you can determine that monthly rent revenue on the land is $

3. Two entries are displayed for which version of the exhibit?

  1. Fees Earned $15,000, Received customer payment on account $9,000
  2. Unearned Rent $1,800
  3. Fees Earned $15,000, Received customer payment on account $0
  4. Prepaid Insurance $7,500

4. The version of the exhibit with an entry to asset accounts only is

  1. Unearned Rent $1,800
  2. Prepaid Insurance $7,500
  3. Fees Earned $15,000, Received customer payment on account $9,000
  4. Fees Earned $15,000, Received customer payment on account $0
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