S 3-10 (Algo) Unearned (deferred) revenues adjustments LO P2 Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the year. Unearned Rent Revenue. The Krug Company collected $16,200 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months rent in advance and occupancy began on November 1. Unearned Services Revenue. The company charges $160 per insect treatment. A customer paid $640 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer. Unearned Rent Revenue. On September 1, a client paid the company $44,400 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue