Adjusting Entries: Unearned rent at 1/1/10 was $5,300 and at 12/31/10 was $9,000.

Adjusting Entries: Unearned rent at 1/1/10 was $5,300 and at 12/31/10 was $9,000. The records indicate cash receipts from rental sources during 2010 amounted to $40,000, all of which was credited to the Unearned Rent Account. You are to prepare the missing adjusting entry. For each journal entry write Dr for debit and Cr for credit.