Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Step-by-step explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.