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EXERCISE 9.2: Adjusting Entry Unearned Revenue On December 1, 2022 Rock Castle Construction received $3,000 for unused storage space it leased to a subcontractor. The

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EXERCISE 9.2: Adjusting Entry Unearned Revenue On December 1, 2022 Rock Castle Construction received $3,000 for unused storage space it leased to a subcontractor. The entire amount was recorded in the Checking account and as unearned rental revenue. The $3,000 payment was for three months of rent, beginning December 1, 2022. So an adjusting entry is needed to bring accounts up to date at December 31 and record the amount of rent revenue that has been earned as of December 31, Use Entry No. ADJ2022.3. Use the following accounts to make the adjusting entry. Add new accounts as needed 21000 Uneamed Revenue 40600 Rent Revenue E9.2.2 Unearned Revenue Adjustment Complete the following table. Account Account Type Increase or Decrease? Debit or Credit? Amount Rent Revenue Income 3 Unearned Revenue Liability 5 6 2. 3. 4 5. 6. E9.2.3 Plan Adjusting Journal Entry Complete the following : A BX Daha Ah 12012022 ADJ2022 AUTO CREDIT NAME LLARLEY CLASS 0.00 0.00 1. 2. 3. Para

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