Mouse Inc. received a $2,500 prepayment of rent from one of its tenants and immediately credited the Rent revenue account. By the end of the period, $500 of the rent had not been earned by Mouse Inc.. Demonstrate the required adjustment needed at the end of the period. A. Credit Rent revenue $500. B. Credit Unearned rent for $2,000. C. A Debit Rent revenue for $500. D. Credit Rent revenue $2,000.
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Mouse Inc. received a $2,500 prepayment of rent from one of its tenants and immediately credited the...
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