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?
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...
On August 1, 2009, a magazine publisher receives $24 cash for a year s subscription ending...
On August 1, 2009, a magazine publisher receives $24 cash for a year s subscription ending July 31, 2010. This transaction was originally recorded with a credit to Subscription Revenue. The adjusting entry on December 31, 2009, would be: Debit to Unearned Revenue, credit to Subscription Revenue for $14. Debit to Subscription Revenue, credit to Unearned Revenue for $14. Debit to Subscription Revenue, credit to Unearned Revenue for $10. Debit to Unearned Revenue, credit to Subscription Revenue for $10.
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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