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Assume no other.adjusting entries are macte during the year a. Unearned Rent Revenue. The Krug Company coliected 56,600 rent in advance or November 1 ,
Assume no other.adjusting entries are macte during the year a. Unearned Rent Revenue. The Krug Company coliected 56,600 rent in advance or November 1 , debsing Cash and cred ing Uneamed Rent Revenge, The tenant was paying 12 months' rent in advance and occupancy began on Nowember 1 . b. Unearned Services Revenue, The company charges $80 per insect trestment. A custarner paid 5320 on Oeteber 1 in advance. for four treatrments, which was recorded with a debit to Cash and a credit to Unearbed Services Revenue. At yeariend, the compony has applied thee treatments for the cistomer. e. Unearned Rent Revenue. On September 1, a client paid the company 525,200 cash for six months of rent in advance and took occupancy intmediately. The company recorded the cash as Unearned Rent Revenue Journal entry worksheet a The krug Company collected $6,600 rent ic advance on November 1 , debiting Cash and crediting Unoarned flent fevenue. The tenant was paying 12 . months' rent in advance and eccupancy began November 1. Woter Eecer drthts terfun costsi
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