Bridgeport University Student Housing Inc. requires all tenants to pay a $540 security deposit, which...

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Accounting

Bridgeport University Student Housing Inc. requires all tenants to pay a $540 security deposit, which will be returned at the end of the
lease, less any repair costs on the apartment. Bridgeport rented 270 apartments in the current month. Prepare the entry to record the
security deposits collected. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)
Account Titles and Explanation
Debit
Credit
image

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