ch 3.6

Help Save & Exit Submit 6 Check my work QS 3-10 (Algo) Unearned (deferred) revenues adjustments LO P2 points eo Record adjusting journal entries for each separate case below for year ended December 31 Assume no other adjusting entries are made during the year a. Unearned Rent Revenue. The Krug Company collected $10.200 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began on November 1 b. Unearned Services Revenue. The company charges $110 per insect treatment. A customer paid $440 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer. c. Unearned Rent Revenue. On September 1, a client paid the company $32,400 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue. Priet References View transaction list View journal entry worksheet NO Transaction General Journal Debit Credit 1 Uneamed ront revenue Rent revenue 2 b. Uneared service rovno Service revenue Mc my work 4 point issume no other adjusting entries are made during the year, Unearned Rent Revenue. The Krug Company collected $10,200 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began on November 1 .. Unearned Services Revenue. The company charges $110 per insect treatment. A customer paid $440 on October tin advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer - Unearned Rent Revenue. On September 1, a client paid the company $32,400 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue. Bo Print References View transaction list View journal entry worksheet Transaction No 1 General Journal Debit Credit a Unearned rent revenue Rent revenue 2. b. Unearned service revenue Service revenue 3 c Unearned ront revenue Ront revenue Mc