Prepare the missing adjusting entry


Unearned rent at 1/1/10 was $7,300 and at 12/31/10 was $8,000. The records indicate cash receipts from rental sources during 2010 amounted to $40,000, all of which was credited to the Unearned Rent Account. You are to prepare the missing adjusting entry.

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Accounting Basics: Prepare the missing adjusting entry
Reference No:- TGS066687

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