Dear help desk:

I need to provide the missing entries for the following. Please Help!

I have a quiz in the morning, please explain.

Unearned rent at 1//03 was 5300 and at 12/;31/03 was $6000. The records indicate cash receipts from rental sources during 2003 amounted to $40,000 all which was credited
To the unearned rent account.


This is how my question is.


Thank you

I would assume whatever was unearned at the beginning of the year is now earned. So of the 40,000 in unearned now how do you figure what has been earned?

If you can answer those you should be able to answer the question.