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1, 2019, Herbal Co. received $27,360 for the rent of land for 12 months. Journalize the adjusting entry required for unearned rent on December 31, 2019. Refer to the Chart of Accounts for the exact wording of account titles.

On June

Instructions On June 1, 2019, Herbal Co. received $27,360 for the rent of land for 12 months. Journalize the adjusting entry required for unearned rent on December 31, 2019. Refer to the Chart of Accounts for exact wording of account titles. Journalize the adjusting entry required for unearned rent on December 31, 2019. Refer to the Chart of Accounts for exact wording of account titles How does grading work? PAGE 10 JOURNAL Score: 18/25 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Adjusting Entries 2 Dec. 31 Unearned Rent 3 Rent Revenue