Question: On November 1 , 2 0 2 2 , Gordon Company collected $ 6 , 0 6 0 in cash from its tenant as an

On November 1,2022, Gordon Company collected $6,060 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30,2023, at which time the contract may be renewed.
Problem 7-27(Algo) Part b
b. Calculate the amount of unearned rent that should be shown on the December 31,2022, balance sheet with respect to this lease.

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