Rem real estate received a check for $27,000 on july 1 which represents a 6 monthadvance payment of rent on a building it rents to a client. unearned rent revenue wascredited for the full $27,000. financial statements will be prepared on july 31. rem realestate should make the following adjusting entry on july 31: a. debit unearned rent revenue, $4,500; credit rent revenue, $4,500.b. debit rent revenue, $4,500; credit unearned rent revenue, $4,500.c. debit unearned rent revenue, $27,000; credit rent revenue, $24,000.d. debit cash, $27,000; credit rent revenue, $27,000.

a. Debit Unearned Rent Revenue, $4,500; Credit Rent Revenue, $4,500

Explanation:

When the company receives the $27,000 check for six months of advance rent, it records the unearned revenue in a liability account named Unearned Rent Revenue. The resulting journal entry is:

(Dr) Cash, $27,000

(Cr) Unearned Rent Revenue, $27,000

With the passing of each month, the company earns one-sixth (1/6) of the unearned rent revenue (or $4,500), essentially reclassifying the revenue from unearned to earned. Therefore, after one month, the resulting journal entry is:

(Dr) Unearned Rent Revenue, $4,500

(Cr) Rent Revenue, $4,500

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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