Question

a. Unearned Rent Revenue. The Krug Company collected $17,400 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $170 per insect treatment. A customer paid $680 on October 1 in advanc four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the compa has applied three treatments for the customer. c. Unearned Rent Revenue. On September 1, a client paid the company $46,800 cash for six months of rent in advance (the clie leased a building and took occupancy immediately). The company recorded the cash as Unearned Rent Revenue. View transaction list Journal entry worksheet < 1 2 3 > The Krug Company collected $17,400 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal

Answer 1

Adjusting entry

Transaction	General Journal	Debit	Credit
a	Unearned rent revenue (17400/12*2)	2900
	Rent revenue		2900
b	Unearned service revenue (170*3)	510
	Service revenue		510
c	Unearned rent revenue (46800/6*4)	31200
	Rent revenue		31200