(Answered) Closing entries adn the post-closing trial balance

Accounting

Closing Entries adn the Post-Closing Trial Balance Accounting Cycle Review Problem A.

The question is recording this entry into the general general.

Signed a contract with a video game company to lease space for video games and to provide a food concession. the rental income agreed upon is 10 percent of the revenues generated from the machines and food, with the estimated monthly rental income paid in advance. Received cash payment for July, $250. What do I Debit and what do I credit?

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