Homework #2 10 QS 3-10 (Algo) Unearned (deferred) revenues adjustments LO P2 4 paints Record adjusting journal entries for each of the following for year ended December 31 Assume no other adjusting entries are made during the year Help Save & Exit Submit Check my work References a. Unearned Rent Revenue. The Krug Company collected $9,600 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1 b. Unearned Services Revenue. The company charges $105 per insect treatment. A customer paid $420 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Uneamed Services Revenue. At year-end, the company has applied three treatments for the customer. c. Unearned Rent Revenue. On September 1, a client paid the company $31,200 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue View transaction li Journal entry worksheet 2 3 On September 1, a client paid the company $31,200 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue.