Year$-$End Adjusting Entries

$1$ Recognize the revenue earned from the rent paid in transaction A$.$

A January $1$: Pane receives rent for the $2$ years from a tenant when rents one of their empty warehouses.

Total Rent Received

$$87,000$

$\backslash$table$[[$Date$,$Account,Dr$,$Cr$],[01-01-01,$Cash,$$87,000,],[,\backslash$table$[[$Unearned Rent$],[$Revenue$]],,$$$87,000$