Scenario: company leases out to tenant 12/08 space for 5000 per mo. Tenant decides to pay starting 1/8/09.

Quest 1: prepare the journal entry that must be mae 12/31/08 to record rent rev.

Quest 2: prepare journal enrty to record receipt of rent on1/8/09.:confused:

So they were suppose to start paying rent Dec. 1 2008 but didn't until Jan 8, 2009?

Is that what you are asking?