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Business, 19.03.2021 02:00 jaays4286

Videobusters, Incorporated offered books of video rental coupons to its patrons at $32 per book. Each book contained a certain number of coupons for video rentals. During the current period 420 books were sold for $13,440, and this amount was credited to Unearned Rental Revenue. At the end of the period, it was determined that $11,000 worth of coupons had been used by customers to rent videos. The appropriate adjusting entry at the end of the period would be:

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