Posted by Mike on .
This is for an accounting course doing adjusting entries..
The rental revenue represents the amount received for 11 months for dining facilities. The December rent has not yet been received.
On the trial balance the amount for rental revenue is 17,600
Would I divide that by 11 to get 1600 and do this?
Debit Accts Receivable for 1600
Credit Rental Revenue for 1600