On October 1, Seaview Apartments received $6,000 from a tenant for four months' rent. The receipt was credited to Unearned Rent Revenue. What adjusting entry is needed on December 31?

Question

Accepted Answer

Unearned Rent Revenue 4,500, Rent Revenue 4,500

Answer

Rent Revenue 1,500, Unearned Rent Revenue 1,500

Answer

Cash 4,500, Rent Revenue 4,500

Answer

Unearned Rent Revenue 1,500, Rent Revenue1,500

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On October 1, Seaview Apartments received $6,000 from a tenant for four months' ...

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