On October 1, 2009, Nautilus Co. received $15,300 for the rent of land for 12 months.
Journalize the adjusting entry required for unearned rent on December 31, 2009
1
Expert's answer
2014-10-06T10:28:58-0400
To find the unearned rent we should calculate the rent for the last 3 month: $15,300x3/12 = $3,825 So, the entry should be: Debit Unearned Revenue $3,825 Credit Rent Revenue Credit $3,825
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment