Enter Co. rents our some premises to Tenant Ltd. Tenant Ltd pays its rent three months in advance and makes the first payment on 1 May 2022. The rent is $2000 per month. Renter Co. has 30 June reporting date. On 30 June 2022, what are the journal entries that Renter Co. needs to make to account for the revenues associated with renting the premises to Tenant Ltd?

Answer rating: 100% (QA)

On 30 June 2022 Renter Co needs to make the following journal entries 1 To record ... View the full answer