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The unearned rent account has a balance of $73,210. If $19,230 of the $73,210 is unearned at the end of the accounting period, the amount of the adjusting entry is

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abiolataiwo2015

Answer:

$53,980

Explanation:

Calculation for what the amount of the adjusting entry is:

Using this formula

Adjusting Entry Amount= Beginning Balance − Ending Balance

Let plug in the formula

Adjusting Entry Amount=$73,210-$19,230

Adjusting Entry Amount=$53,980

Therefore the amount of the adjusting entry is: $53,980

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