Cash A/c (debit) 39670
To unearned rent A/c (credit) 39670
What is unearned revenue?
Unearned revenue is money that a person or company receives in exchange for a good or service that hasn't yet been provided or performed. It might be considered a "prepayment" for goods or services that a person or company anticipates offering the customer later.
How do you record unearned revenue?
Unearned income should be recorded in your diary as a debit from the cash account and a credit to the unearned income account. This journal entry demonstrates that the company has received payment in cash for a service, but it was obtained on credit as a down payment for upcoming deliveries of goods or delivered services.
Learn more about Unearned revenue: https://brainly.com/question/14952769
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