Solved

A Journal Entry to Record a Receipt of Rent Revenue

Question 105

Multiple Choice

A journal entry to record a receipt of rent revenue in advance will include a

A) debit to Rent Revenue.
B) credit to Rent Revenue.
C) credit to Cash.
D) credit to Unearned Rent Revenue.

Related Questions

Q1: Nominal (temporary) accounts are revenue, expense, and

Q4: The debit and credit analysis of a

Q6: The double-entry accounting system means<br>A)Each transaction is

Q97: On the income statement, debits are used

Q98: An adjusted trial balance that shows equal

Q99: Basic steps in the recording process include

Q100: Adjustments are often prepared<br>A) after the statement

Q101: Numerous errors may exist even though the

Q103: Equity is not affected by<br>A) cash receipts.<br>B)

Q107: Under International Financial Reporting Standards (IFRS) the