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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Fern town Hospital received $1,800, representing a year’s rent in advance, on November 1, 20X1. In the transaction entry, $1,800 was credited to the deferred rental income account. Assuming that adjustments are made annually on December 31 only, what adjusting entry should be made on December 31, 20X1?
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