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Assume no other adjusting entries are made during the year a. Unearned Rent Revenue. The Krug Company collected $6,500 rent in advance on November 1,
Assume no other adjusting entries are made during the year a. Unearned Rent Revenue. The Krug Company collected $6,500 rent in advance on November 1, debiting Cash and crediting Uneamed Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1 b. Unearned Services Revenue. The company charges 580 per insect treatment. A customer paid $320 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Uneared Services Revenue. At year-end, the company has applied three treatments for the customer c. Uneared Rent Revenue. On September 1, a client paid the company $25,200 cash for six months of rent in advance (the client leased a building and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue View transaction last Journal entry worksheet The Krug Company collected $6,600 rent in advance on November 1, debiting Cash and crediting Uneamed Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1 Note: Enter debits before credit Transaction General Journal Debit Credit B Record entry Clear entry Vlow great journal
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