The Unearned Rent Account Has a Balance of $72,000

question 19

Multiple Choice

The unearned rent account has a balance of $72,000. If $18,000 of the $72,000 is unearned at the end of the accounting period, the amount of the adjusting entry is

• A) $18,000
• B) $90,000
• C) $54,000
• D) $36,000