The remaining basement of the store is rented for $2,000 per month to another merchant, M. Carlos, Inc. Carlos sells compatible, but not competitive, merchandise. On November 1 of the current year, the store collected six months' rent in the amount of $12,000 in advance from Carlos; it was credited in full to Unearned Rent Revenue when collected. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Unearned rent revenue Rent revenue

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05-02-2022
Business

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The remaining basement of the store is rented for $2,000 per month to another merchant, M. Carlos, Inc. Carlos sells compatible, but not competitive, merchandise. On November 1 of the current year, the store collected six months' rent in the amount of $12,000 in advance from Carlos; it was credited in full to Unearned Rent Revenue when collected. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Unearned rent revenue Rent revenue

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