Knowledge Check 01 On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Rent Revenue account. Complete the necessary December 31 adjusting entry by selecting the account names from the pull-down menus and entering dolla amounts in the debit and credit columns. No 1 Date Dec 31 Answer is complete but not entirely correct. General Journal Unearned rent revenue Rent revenue XX Debit 6.000 Credit 6.000 x

Knowledge Check 01 On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Rent Revenue account. Complete the necessary December 31 adjusting entry by selecting the account names from the pull-down menus and entering dolla amounts in the debit and credit columns. No 1 Date Dec 31 Answer is complete but not entirely correct. General Journal Unearned rent revenue Rent revenue XX Debit 6.000 Credit 6.000 x

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How did 80 and 160 come from? Please explain, thank you.
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