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Find the adjusting entry on december would

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Reference no: EM132513277

Question 1: A company received $8,700 from their tenant for rent of an office. This payment covers the period from December 1, 2018 through February 28, 2019. The company recorded this as Deferred Rent Revenue when it was received on December 1. The adjusting entry on December 31 would include a:

Multiple Choice

  1. debit to Rent Revenue of $4,350.
  2. credit to Rent Revenue of $2,900.
  3. credit to Deferred Rent Revenue of $2,900.
  4. debit to Deferred Rent Revenue of $4,350

Reference no: EM132513277

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