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On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was
On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Rent Revenue account. Complete the necessary adjusting entry by selecting Note: Enter debits before credits. Date General Journal Dec. 31 Unearned rent revenue Rent revenue Debit Credit 6,000 6,000
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th edition
978-1118953815, 978-1118953907
