Homework Answers
| Date | Account Titles and explanation | Debit | Credit |
| Dec 31, 2018 | Rent Revenue | $4479 | |
| Unearned revenue (7679*7/12) | $4479 | ||
Option c. is correct answer.
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Check Karr Corporation received cash of $7679 on August 1, 20x8 for one year's rent in...
TO Karr Corporation received cash of $6421 on August 1, 20x8 for one year's rent in...
TO Karr Corporation received cash of $6421 on August 1, 20x8 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue, The December 31, 20x8 adjusting entry is: Select one: a. Debit Rent Revenue and credit Unearned Rent $2675 b. Debit Rent Revenue and credit Unearned Rent $374 12 c. Debit Unlearned Rent and credit Rent Revenue, $2675 d. Debit Cash and credit Unearned Rent, $3746 Check
Karr Corporation received cash of $6483 on August 1, 20x8 for one year's rent in advance...
Karr Corporation received cash of $6483 on August 1, 20x8 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 20x8 adjusting entry is: Select one: a. Debit Unearned Rent and credit Rent Revenue, $2701 O b. Debit Rent Revenue and credit Unearned Rent, $2701 O c. Debit Rent Revenue and credit Unearned Rent, $3782 O d. Debit Cash and credit Unearned Rent, $3782
38. Odd Corporation received cash of $36,000 on September 1, 2020 for one year's rent in...
38. Odd Corporation received cash of $36,000 on September 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Uneamed Rent Revenue. The December 31, 2020 adjusting entry is a. debit Rent Revenue and credit Unearned Rent Revenue, $12,000. b. debit Rent Revenue and credit Unearned Rent Revenue, $24,000. debit Unearned Rent Revenue and credit Rent Revenue, $12,000. d. debit Cash and credit Unearned Rent Revenue, $24,000. the transaction with
Vaughn Manufacturing received cash of $63600 on August 1, 2020 for one year's rent in advance...
Vaughn Manufacturing received cash of $63600 on August 1, 2020
for one year's rent in advance and recorded the transaction with a
credit to Rent Revenue. The December 31, 2020 adjusting entry
is
debit Unearned Rent Revenue and credit Rent Revenue,
$26500.
debit Rent Revenue and credit Unearned Rent Revenue,
$37100.
debit Cash and credit Unearned Rent Revenue, $37100.
debit Rent Revenue and credit Unearned Rent Revenue,
$26500.
n 6 on April 1, 2017 for one year's rent in advance and recorded the transaction...
n 6 on April 1, 2017 for one year's rent in advance and recorded the transaction with a credit to a nominal account. The adjusting entry is O debit Rent Revenue and credit Unearned Rent Revenue, $14850. O debit Rent Revenue and credit Unearned Rent Revenue, $4950
Vandelay company received $18,000 on April 1, 2020, for one year's rent in advance and recorded...
Vandelay company received $18,000 on April 1, 2020, for one year's rent in advance and recorded the transaction with a credit to a nominal account. December 31, 2020 adjusting entry is?
Vandelay company received $18,000 on April 1, 2020, for one year's rent in advance and recorded...
Vandelay company received $18,000 on April 1, 2020, for one year's rent in advance and recorded the transaction with a credit to a nominal account. December 31, 2020, adjusting entry is?
66. On September 1, 2004, Merit Company paid the landlord $4,800 for one year's rent in...
66. On September 1, 2004, Merit Company paid the landlord $4,800 for one year's rent in advance. A temporary account was debited. The adjusting entry at December 31, 2004 would include a: debit to Prepaid Rent credit to Prepaid Rent debit to Rent Payable debit to Rent Expense none of the above 67. Refer to the above question. The amount of the adjusting journal entry at December 31, 2004 would be: $ 4,800 $ 3,200 $ 400 $ 1,600 none...
A company received a check for $30,000 on June 1. This amount represents a 6-month advance...
A company received a check for $30,000 on June 1. This amount represents a 6-month advance payment of rent on a building it rents to a client. The company records the amount as unearned rent revenue. Before preparing financial statements on July 31, the company should make the following adjusting entry: O debit Cash for $10,000 for credit Rent Revenue for $10,000. O debit Rent Revenue for $10,000 and credit Unearned Rent Revenue for $10,000. O debit Unearned Rent Revenue...
Blue Spruce Corp. received a check for $27840 on July 1 which represents a 6 month...
Blue Spruce Corp. received a check for $27840 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $27840. Financial statements will be prepared on July 31. Blue Spruce's should make the following adjusting entry on July 31: O debit Unearned Rent Revenue, $27840; credit Rent Revenue, $27840. debit Rent Revenue, $4640; credit Unearned Rent Revenue, $4640. debit Cash, $27840; credit Rent...
TO Karr Corporation received cash of $6421 on August 1, 20x8 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue, The December 31, 20x8 adjusting entry is: Select one: a. Debit Rent Revenue and credit Unearned Rent $2675 b. Debit Rent Revenue and credit Unearned Rent $374 12 c. Debit Unlearned Rent and credit Rent Revenue, $2675 d. Debit Cash and credit Unearned Rent, $3746 Check
Karr Corporation received cash of $6483 on August 1, 20x8 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 20x8 adjusting entry is: Select one: a. Debit Unearned Rent and credit Rent Revenue, $2701 O b. Debit Rent Revenue and credit Unearned Rent, $2701 O c. Debit Rent Revenue and credit Unearned Rent, $3782 O d. Debit Cash and credit Unearned Rent, $3782
38. Odd Corporation received cash of $36,000 on September 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Uneamed Rent Revenue. The December 31, 2020 adjusting entry is a. debit Rent Revenue and credit Unearned Rent Revenue, $12,000. b. debit Rent Revenue and credit Unearned Rent Revenue, $24,000. debit Unearned Rent Revenue and credit Rent Revenue, $12,000. d. debit Cash and credit Unearned Rent Revenue, $24,000. the transaction with
Vaughn Manufacturing received cash of $63600 on August 1, 2020
for one year's rent in advance and recorded the transaction with a
credit to Rent Revenue. The December 31, 2020 adjusting entry
is
debit Unearned Rent Revenue and credit Rent Revenue,
$26500.
debit Rent Revenue and credit Unearned Rent Revenue,
$37100.
debit Cash and credit Unearned Rent Revenue, $37100.
debit Rent Revenue and credit Unearned Rent Revenue,
$26500.
n 6 on April 1, 2017 for one year's rent in advance and recorded the transaction with a credit to a nominal account. The adjusting entry is O debit Rent Revenue and credit Unearned Rent Revenue, $14850. O debit Rent Revenue and credit Unearned Rent Revenue, $4950
A company received a check for $30,000 on June 1. This amount represents a 6-month advance payment of rent on a building it rents to a client. The company records the amount as unearned rent revenue. Before preparing financial statements on July 31, the company should make the following adjusting entry: O debit Cash for $10,000 for credit Rent Revenue for $10,000. O debit Rent Revenue for $10,000 and credit Unearned Rent Revenue for $10,000. O debit Unearned Rent Revenue...
Blue Spruce Corp. received a check for $27840 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $27840. Financial statements will be prepared on July 31. Blue Spruce's should make the following adjusting entry on July 31: O debit Unearned Rent Revenue, $27840; credit Rent Revenue, $27840. debit Rent Revenue, $4640; credit Unearned Rent Revenue, $4640. debit Cash, $27840; credit Rent...
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