Solved

The Unearned Rent Account Has a Balance of $36,000

Question 86

Multiple Choice

The unearned rent account has a balance of $36,000. If $4,000 of the $36,000 is unearned at the end of the accounting period, the amount of the adjusting entry is


A) $4,000
B) $40,000
C) $32,000
D) $36,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions