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Adjustment for Unearned Revenue On June 1, 20Y2, Monarch Co. received $38,320 for the rent...

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Accounting

Adjustment for Unearned Revenue On June 1, 20Y2, Monarch Co. received $38,320 for the rent of land for 12 months. Journalize the adjusting entry required for unearned rent on December 31, 20Y2. Assume no previous adjustment has been made to Unearned Revenue during the year. Round your answers to the nearest dollar amount. If an amount box does not require an entry, leave it blank

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