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a. Unearned Rent Revenue. The Krug Company collected $10,200 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant
a. Unearned Rent Revenue. The Krug Company collected $10,200 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $110 per insect treatment. A customer paid $440 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer. c. Unearned Rent Revenue. On September 1, a client paid the company $32,400 cash for six months of rent in advance (the client leased a building and took occupancy immediately). The company recorded the cash as Uneamed Rent Revenue. View transaction list Journal entry worksheet < 1 2 3 ces The Krug Company collected $10,200 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. Note: Enter debits before credits Transaction General Journal Record entry Clear entry Debit Credit View general journal < Prev 4 of 10 Next > MacBook Air Check my worl
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