Multiple Choice
On August 1,a company received cash of $9,324 for one year's rent in advance and recorded the transaction on that day as a credit to rent revenue.The December 31 adjusting entry would include
A) a debit to Rent Revenue for $3,885.
B) a credit to Unearned Rent Revenue for $5,439.
C) a debit to Unearned Rent Revenue for $3,885.
D) a credit to Rent Revenue for $9,324.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Presented below is the December 31 trial
Q34: The following balances have been excerpted from
Q35: At the beginning of the fiscal year,office
Q36: The last step in the accounting cycle
Q37: Beginning and ending Accounts Receivable balances were
Q39: A routine collection on a customer's account
Q40: Schroeder Co.had the following transactions pertaining to
Q41: Which of the following regarding accrual versus
Q42: The records of Majestic Co.showed the following
Q43: Which of the following accounts most likely