Suppose a customer rents a vehicle for three months from commodores rental on november 1, paying $4,050 $1,350/month). record the adjusting entry.

Adjusting entry for Rent Revenue:

It is given that a customer rents a vehicle for three months from Commodores rental on November 1, paying $4,050 ($1,350/month). The adjustment is needed to be made for 2 months period (Nov. 1 to Dec. 31)= 1350*2 = $2,700

The adjusting entry for Rent Revenue as on Dec. 31 shall be as follows:

Unearned Rent Revenue  Debit $2,700

Rent Revenue                   Credit             $2,700

(Being adjustment made for Rent Revenue)

answer; a set of mutual funds with similar risk characteristics to your mutual fund;

answer$225.00;