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On December 1, 2021, the company received $6,900 in cash for December, January, and February rent. Rent revenue was credited instead of deferred rent revenue.

On December 1, 2021, the company received $6,900 in cash for December, January, and February rent. Rent revenue was credited instead of deferred rent revenue.

How would this information be entered on a Journal entry worksheet?

My answer below was marked incorrect: I also had 4,600 and it was incorrect

Transaction General Journal Debit Credit

6 Rent revenue (6900*1/2) 3,450

Deferred rent revenue 3,450

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