A portion of Shamrock’s building
has been converted into a snack bar that has been rented to the
Flounder Corp. since July 1, 2019, at a rate of $7,200 per year
payable each July 1 in advance.
Homework Answers
| Journal entry as on 1st July 2019 | ||
| Debit | Credit | |
| Bank | $7200 | |
| To Unearned Rent Revenue | $7200 | |
| Journal entry on 31st December 2019 | ||
| Debit | Credit | |
| Unearned rent revenue | $3600 | |
| To Rent Revenue | $3600 |
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A portion of Shamrock’s building
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please work this out for me. it is due on sunday please.
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