Problem 1 (5 Points) - On September 1, 2022, Shannon Corporation collected rent of $2,400 for one year in The three possible ways in which Shannon Corporation could have recorded the transaction of September 1, 2022 (1.e. the original transactional journal entry) are listed advance. below. A. Dr. Cash Cr. Rent revenue Dr rent rev cr unearned B. Dr. Cash Cr. C. Dr. Cash Cr. Cr. Unearned rent revenue 2,400 1600 2,400 2,400 Rent revenue Unearned rent revenue no journal entry right in Dec 2,400 $2400/12 $200 per month Sept + Dec = 4 months 1600 2,400 800 1,600 Required For each of the three different ways that the entry could have been recorded, give the appropriate adjusting entry at December 31, 2022. $800 eamed rev 8menthe Left 4 $1600 in earned

On September 1, 2022, Shannon Corporation collected rent of $2,400 for one year in advance. The three possible ways in which Shannon Corporation could have recorded the transaction of September 1, 2022 (i.e. the original transactional journal entry) are listed below. no journal enroy Required For each of the three different ways that the entry could have been recorded, give the appropriate adjusting entry at December 31,2022 . $2400/12=$200 per menth SeptDeC=4months1800earnedrev Bmenthes left 4$1600 in earned