On December 1, 20X1, Pest Company collected $1,200 in advance for three months of rent on some o?ce space. It was credited in full to unearned rent revenue. Assuming the accounting year ends December 31, give the adjusting entry required on December 31, 20X1.

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The Answer of On December 1, 20X1, Pest Company collected $1,200 in advance for three months of rent on some o?ce space. It was credited in full to unearned rent revenue. Assuming the accounting year ends December 31, give the adjusting entry required on December 31, 20X1.

On December 1, 20X1, Pest Company Collected $1,200 in Advance