Question 30, E3-22 (similar to)\ HW Score:

66.82%,23.39

of 35 points\ Part 1 of 5\ Points: 0 of 1\ Consider the following independent situations at December 31:\ (Click the icon to view the situations.)\ Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on journal entry table.)\ a. On October 1, a business collected

$7,200

rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. At December 3 must account for the amount of rent it has earned.\ \\\\table[[Date,Accounts and Explanation,Debit,Credit],[(a) Dec. 31,Accounts Receivable,72000,],[Cash,,7200],[To record rent revenue that was collected in advance.,,]]

Consider the following independent situations at December 31: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on journal entry table.) a. On October 1, a business collected $7,200 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. At December 3 must account for the amount of rent it has earned