CHAPTERS 3 AND 9—ADJUSTING ENTRIES AND …

General Journal Page 1 Date Account Title P.R. Debit Credit 20-- Adjusting Entries Dec. 31 Rent Receivable 1,200.00 Rent Income 1,200.00 Post to the General Ledger where the Rent Receivable will be shown under the current asset section on the Balance Sheet and Rent Income account will be closed and its balance listed as nonoperating revenue on ... ................
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