Beto Rent Agency has January 1-De The S et c ay The company has conducted business for the first three month tabase of c ustomer's geneca The o 3 Month Ended (Mara) Insurance Expense An analysis of these shows the power cons/events (TE) A The equipment precies 250 per month To undertege Stones E ace expresame of 500 per month Analysis of transaction TIE er ty What action of e a ster 19 How much and rent revenue has been ander h Below recorre uma torte cameo- o uts OR 33120 CR 1122123124912 o w comedy as they w ere amounts with command Supplies Expense Insurance Expense Salaries and Wages Expense $0 $ 14,000 An analysis of these accounts shows the following transactions / events (T/E): A The equipment depreciates $250 per month B. One-third of the uneamed rent was recognized as revenue during the quarter. C. Interest of $500 is accrued on the notes payable D. Supplies on hand total $850. E Insurance expires at the rate of $300 per month Analysis of transaction TEB The 'Unearned Rent Revenue' account is what type of account? Liability (enter "asset", "iability", or "equity") How much unearned rent revenue does Beerbo have at the beginning of the year? S 9300 (enter dollar amounts with commas as needed) What fraction of this uneamed rent revenue has been earned? 1/3 (enter "1/12", "2/12, 3/12", 14/12", or "5/12") How much unearned rent revenue has Beerbo earned for the year (thus far)? $ 3100 (enter dollar amounts with commas as needed) Below, record the journal entry to recognize rent revenue eamed to-date. (input account titles as they appear above; enter dollar amounts with commas as needed) DR unearned rent revenue $ 3100 ..$3100 CR rent revenue The journal entry above will have have the following effects on Beerbo's accounting system: The 'Accounts Receivable account will not change (enter "increase", "decrease"or "not change") The Unearned Rent Revenue' account will increase (enter increase", "decrease" or "not change") The 'Rent Revenue' account will decrease (enter increase", "decrease", or "not change") Total assets will not change (enter "increase", "decrease" or "not change") Total liabilities will decrease (enter "increase", "decrease", or "not change") Total equity will increase (enter "increase", "decrease", or "not change")