Solved: Discover that your company neither received nor recorded, Accounting Basics

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Discover that your company neither received nor recorded

On June 1, 20X0, your company sublets warehouse space to James, Inc. for $500 a month. James's last rent payment was for October, 20X0. In January of 20X1, before the books are closed, you discover that your company neither received nor recorded rent for November and December.

What is the correcting journal entry?

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Accounting Basics: Discover that your company neither received nor recorded

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