The following transaction pertains to the 2007 accounting period.

How would I make the following adjusting entry?
02/01 I rec'd 3600 of rent for one year paid in advance by a tenant.

I am thinking
Dr cash 3300
Cr prepaid rent expense 3300

Thanks

When you receive the money on feb the first you should record the following entry:

Dr. Cash 3,600
Cr. Unearned rent revenue 3,600
Unearned rent revenue is a liability account that should be reduced each month. So on the end of feb you should record the following adjusting entry:

Dr. Unearned revenue 300
Cr. Rent revenue 300
This entry should be performed each month