ExERCISE $3-3$

Keller Co$.\text{'}$s unearned rent account has an unadjusted balance of $$6,000$ as of December $31$ of the current year. This amount represents the rental of an apartment for a period of one year. The lease began on December $1$ of the current year.

Instructions: Using the T accounts below, record the adjusting entry as of December $31$ to recognize the rent income for the appropriate portion of the year. Then journalize the entry.

$\frac{\text{U}\text{n}\text{e}\text{a}\text{r}\text{n}\text{e}\text{d}\text{R}\text{e}\text{n}\text{t}}{?}|||$

$\backslash$table$[[$Rec$.1,6\mathrm{.}000,]]$

JOURNAL

PAGE