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Shore Company received $5,280 on April 1, 20120 for one years rent in advance and credited the liability account for it.. The December 31, 2020
Shore Company received $5,280 on April 1, 20120 for one years rent in advance and credited the liability account for it.. The December 31, 2020 adjusting entry is:
Select one:
a. debit rent revenue and credit unearned rent revenue, $3,960.
b. debit unearned rent revenue and credit rent revenue, $3,960.
c. debit unearned rent revenue and credit rent revenue, $1,320.
d. debit rent revenue and credit unearned rent revenue, $1,320.
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