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QUESTION 20 GHI Company is a calendar year company that rents space to a tenant for $2,000 per month. The December rent has not been
QUESTION 20 GHI Company is a calendar year company that rents space to a tenant for $2,000 per month. The December rent has not been received as of December 31. It GHI Company uses the cash basis, what entsy needs to be recorded at year end? O debit Rent Receivable for $2,000, credit Unearned Rent for $2,000 O debit Cash for $2,000, credit Rent Revenue for $2,000 O debit Rent Receivable for $2,000: credit Rent Revenue for $2.000 O no entry is necessary, the revenue will be recorded when GiHl receives the rent check fom theirtnant
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