On December 1, 2021, the company received $6,900 in cash for December, January, and February...
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Accounting
On December 1, 2021, the company received $6,900 in cash for December, January, and February rent. Rent revenue was credited instead of deferred rent revenue.
How would this information be entered on a Journal entry worksheet?
My answer below was marked incorrect: I also had 4,600 and it was incorrect
Transaction General Journal Debit Credit
6 Rent revenue (6900*1/2) 3,450
Deferred rent revenue 3,450
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