Joshua owns an apartment complex with 7 tenants. Each unit rents for $1,500 per month. At the end of April, three tenants were past due on paying their rent. Which of the following represents the correct adjusting journal entry Matt should make at the end of April?
3 answers
Debit rent receivable $4,500; credit cash $4,500.
Debit rent receivable $4,500; credit rent revenue $4,500.
the second answer correct Debit rent receivable $4,500; credit rent revenue $4,500
1 answer