ANSWERS TO QUESTIONS
Nov. 1 Cash 2,700 Unearned Rent Revenue 2,700 Dec. 31 Unearned Rent Revenue 1,800 Rent Revenue 1,800 ($2,700 X 2/3) BRIEF EXERCISE 3-7. Dec. 31 Salaries Expense 3,600 Salaries Payable 3,600 ($6,000 X 3/5) Jan. 2 Salaries Payable 3,600 Salaries Expense 2,400 Cash 6,000 ................
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