QS 3-10 (Algo) Unearned (deferred) revenues adjustments LO P2 Record adjusting joumal entries for each'separate case below for year ended December 31 Assume no other adjusting entries are made during the yoar. a. Unearned Rent Revenue. The Krug Company collected $6,600 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 month' rent in advance and occupancy began on November 1. b. Unearned Services Revenue. The company charges $80 per insect treatment. A customer paid $320 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At yearend, the company has applied three treatments for the customer. c. Unearned Rent Revenue. On September 1 , a client poid the company $25,200 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue. Journal entry worksheet Journal entry worksheet 2 The Krug Company collected $6,600 rent in advance on November 1 , debiting Cash and crediting Unearned Rnt Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. Note: finter debits hefore credits