The unearned rent account has a balance of $52,308. If $4,695 of the $52,308 is unearned at the end of the accounting period, the amount of the adjusting entry is Oa. $57,003 Ob. $4,695 Oc. $47,613 Od. $52,308

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter3: Basic Accounting Systems: Accrual Basis
Section: Chapter Questions
Problem 5SEQ: The balance in the unearned rent account for Jones Co. as of December 31 is $1 ,20(). If Jones Co....
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The unearned rent account has a balance of $52,308. If $4,695 of the $52,308 is unearned at the end of the accounting period, the amount of the adjusting entry is
Oa. $57,003
Ob. $4,695
Oc. $47,613
Od. $52,308
Transcribed Image Text:The unearned rent account has a balance of $52,308. If $4,695 of the $52,308 is unearned at the end of the accounting period, the amount of the adjusting entry is Oa. $57,003 Ob. $4,695 Oc. $47,613 Od. $52,308
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