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Adjustment for Uneamed Revende On June. 1, 20Y2, Monarch Co, recelved 551,870 for the rent of land for 12 months. Journalize the asjusting entry required

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Adjustment for Uneamed Revende On June. 1, 20Y2, Monarch Co, recelved 551,870 for the rent of land for 12 months. Journalize the asjusting entry required for unearned rent on December 31, 20y2. Assume no previous adjustment has been made to Unearnied 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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