What is the adjusting entry to take up accrued rent income on December 31, 20x1?

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 5BE: Adjustment for unearned revenue On June 1, 20Y2, Herbal Co. received 18,900 for the rent of land for...
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Entity A is renting out its building to a tenant for a monthly rent of ₱30,000. As of December 31,20x1, the tenant has not yet paid the rent for the months of November and December. What is the adjusting entry to take up accrued rent income on December 31, 20x1?

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