The adjusting entry for rent earned that is currently recorded in the unread rent account is:?

a. unread rent, debit; rent revenue, credit
b. rent revenue, debit; unread rent, credit
c. unread rent, debit; Income Summary, credit
d. rent expense, debit; unearned rent, credit

Anonymous2008-09-14T21:34:33Z

Favorite Answer

A is correct

00

j-diddy2008-09-14T23:19:23Z

I think A

Unearned rent is a liability ( you accounted for money not actually earned or taken in yet). So, now that it has occured, reverse the liability (debit) and credit your revenue.

10

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