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What adjusting entry will madrid make on august

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Reference no: EM132556510

Question - On July 1, Madrid Corporation received $10,200 from New Iberia Company for six months' rent on a factory building and recorded it as revenue. What adjusting entry will Madrid make on August 31? (Do not round intermediary calculations. Only round your final answer to the nearest dollar.)

Prepaid Rent 6,800

Rent Revenue 6,800

Rent Revenue 6,800

Unearned Rent Revenue 6,800

Unearned Rent Revenue 3,400

Rent Revenue 3,400

Rent Revenue 3,400

Unearned Rent Revenue 3,400

Reference no: EM132556510

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