Unearned rent revenue was credited


Green Realty Company received a check for $30,000 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $30,000. Financial statements will be prepared on July 31. Green Realty should make the following adjusting entry on July 31?

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Accounting Basics: Unearned rent revenue was credited
Reference No:- TGS0696509

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