Adjustment for Unearned Revenue

On June $1,20$Y$2,$ Monarch Co$.$ received $$33,750$ for the rent of land for $12$ months.

Journalize the adjusting entry required for unearned rent on December $31,20$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.

DateAccountDebitCredit

Dec. $31$

Unearned Rent

Rent Revenue