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E02-09

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Exercise 2–9 1. Interest receivable ($90,000 x 8% x 3 / 12 ) ....................... 1,800 Interest revenue ..................................................... 1,800 2. Rent expense ($6,000 x 2 /3 ) .......................................... 4,000 Prepaid rent ............................................................ 4,000 3. Rent revenue ($12,000 x 7 / 12 ) ....................................... 7,000 Deferred rent revenue ........................................... 7,000 4. Depreciation expense
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