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Company sublets warehouse space to for 900 a year to def

On October 1, 20X0, your company sublets warehouse space to for $900 a year to DEF, which pays in full upon signing and the amount is recorded as revenue. At year-end 20X0, you discover an adjusting entry that defers $300 of revenue. What is the correcting entry?

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Accounting Basics: Company sublets warehouse space to for 900 a year to def

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