Multiple Choice
On December 16, 2012, Keen Company received $5,400 from Smith Company for rent on an office building owned by Keen. The $1,800 covers the period December 16, 2012, through February 15, 2013. If Keen Company credited Unearned Rent to record the $5,400 rent collected on December 16, the adjusting entry needed on December 31, 2012, would include
A) A credit to Rent Revenue of $1,350
B) A credit to Unearned Rent of $1,350
C) A debit to Rent Revenue of $2,700
D) A debit to Unearned Rent Revenue of $2,700
Correct Answer:
Verified
Correct Answer:
Verified
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