23 ) The unearned rent account has a balance of P36,000. If P4,000 of the P36,000 is unearned at the end of the accountingperiod, the amount of the adjusting entry is

Adjusting entry: It implies to a journal entry that is recorded at the closing of an accounting…

Answered: The unearned rent account has a balance…

Business

Accounting

The unearned rent account has a balance of P36,000. If P4,000 of the P36,00 period the amount of the adjusting entry is

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 8MC: If an adjustment includes an entry to a payable or receivable account, which type of adjustment is...

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Question

23 )

The unearned rent account has a balance of P36,000. If P4,000 of the P36,000 is unearned at the end of the accounting
period, the amount of the adjusting entry is

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The unearned Rent account has a balance of $ 36000 , If $ 4000 of the 36000 is unearned at the end of its period. what will be the amount shown in the adjusting entry?
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