On June 1 , 2 0 Y 2 , Monarch Co received $ 2 5 , 1 6 0 for the rent of land for 1 2 months Journalize the adjusting entry required for unearned rent on December 3 1 , 2 0 Y 2 Assume no previous adjustment has been made to Unearned Revenue during the year Round your answers to the nearest dollar amount If an amount box does not require an entry, leave it blank

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On June 1 , 2 0 Y 2 , Monarch Co . received $ 2 5 , 1 6 0 for the rent of land

On June

1, 20

2,

Monarch Co

.

received $

25, 160

for the rent of land for

12

months.

Journalize the adjusting entry required for unearned rent on December

31, 20

2 .

Assume no previous adjustment has been made to Unearned Revenue during the year. Round your answers to the nearest dollar amount. If an amount box does not require an entry, leave it blank.

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