How do you set up each account in QuickBooks?

Add New Account: Choose Account Type x Choose one account type and click Continue. Categorize money your business earns or spends Income Expense Click an account type on the left to see a description here. Or, track the value of your assets and liabilities Fixed Asset (major purchases) Bank O O O C Loan Credit Card Equity Other Account Types Help me choose the right account type. Continue Cancel On December 1, 2022 Rock Castle Construction received $3,000 for unused storage space it leased to a subcontractor. The entire amount was recorded in the Checking account and as unearned rental revenue. The $3,000 payment was for three months of rent, beginning December 1, 2022. So an adjusting entry is needed to bring accounts up to date at December 31 and record the amount of rent revenue that has been earned as of December 31. Use Entry No. ADJ2022.3. Use the following accounts to make the adjusting entry: 21000 - Unearned Revenue 40600 - Rent Revenue Complete Exercise 9.2 by following the steps shown on Pages 459 to 461. All applicable reports prepared in Exercise 9.2 should be exported to Excel using the Go Digital Reports Excel template for Chapter 9. Required: Complete the table below by inputting all required information based on the details of the adjustment transaction. Account Account Type Increase or Decrease? Debit or Credit? Rent Revenue Income Increase Credit $ Amount 1,000.00 1,000.00 Unearned Revenue Liability Decrease Debit $