Adjustment for Unearned Revenue On June 1, 20Y2, Herbal Co. received $40,700 for the rent of land for 12 months. Journalize the

Question

Adjustment for Unearned Revenue
On June 1, 20Y2, Herbal Co. received $40,700 for the rent of land for 12 months.
Journalize the adjusting entry required for unearned rent on December 31, 20Y2. Round your answers to the nearest dollar amount. If an amount box does not require an entry, leave it blank.
Dec. 31 Unearned Rent
Rent Revenue

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