On December 16, 2015, the B. Darin Company received $4,000 from the S. Dee Company for the lease of an office owned by the B. Darin Company. The payment covers the period from December 16, 2015 to February 15, 2016. B. Darin Company recorded this as Unearned Rent when received on December 16.record  the adjusting entry for December 31.

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Account Unearned Rent Rent Revenue Explanation Debit 1000 Credit Since the payment ... View the full answer