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  3. 2. a company recorded the $18,000 adjusting entry

2. A company recorded the $18,000 adjusting entry for the accrual of rent receivable by...

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2. A company recorded the $18,000 adjusting entry for the accrual of rent receivable by debiting liabilities and crediting expenses for $18,000. Which of the following is/are understated by $18,000 ? A. assets B. liabilities C. revenues D. all of these E. none of these

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