Adjusting Entry - Unearned Rent
Adjusting Entries: Unearned rent at 1/1/06 was $3,300 and at 12/31/06 was $9,000. The records indicate cash receipts from rental sources during 2006 amounted to $40,000, all of which was credited to the Unearned Rent Account. You are to prepare the missing adjusting entry. For each journal entry write Dr for debit and Cr for credit.© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/accounting/adjusting-entry-unearned-rent-7ef8
...rned rent account. The ending balance should be 43,300. The ending balance ...