On November 1, the company rented space to another tenant. A check in the amount of...

 

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On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Unearned Rent Revenue account. Complete the necessary December 31 adjusting journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. No 1 Date Dec. 31 X Answer is complete but not entirely correct. Rent revenue Unearned rent revenue General Journal Debit 3,000 X Credit 3,000 On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Unearned Rent Revenue account. Complete the necessary December 31 adjusting journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. No 1 Date Dec. 31 X Answer is complete but not entirely correct. Rent revenue Unearned rent revenue General Journal Debit 3,000 X Credit 3,000

Answer rating: 100% (QA)

From November 1 to December 31 2 months has elapsed so on ... View the full answer