Dungeon Company paid the monthly rent, $6,000. The accountant would record the following journal entry: Select one: a. cash 6,000, Rent expense6.000 b. prepaid 6,000, Rent 6.000 c. Rent payable 6,000, Cash 6,000 d. Rent expense 6,000, Cash 6,000
The entry would be
Rent Expense - Debit | 6,000 | ||
Cash - Credit | 6000 |
Option D is the answer
Dungeon Company paid the monthly rent, $6,000. The accountant would record the following journal entry: Select...
Dungeon Company paid the monthly rent, $6,000. The accountant would record the following journal entry: Select one: a. b. c. d.
1. Which of the following would be the adjusting journal entry to recognize earned but unpaid wages for the period? a Dr. Wages Expense, Cr. Cash b Dr. Wages Payable, Cr. Cash c Dr. Wages Payable, Cr. Wages Expense d Dr. Wages Expense, Cr. Wages Payable 2. Which of the following would be the effect of a transaction to record the portion of prepaid rent that has expired in a period? a. increase Prepaid Rent, decrease Rent Expense b increase...
Coyote Co. paid $8,000 rent in advance. The journal entry would require: O A. debit to Cash, credit to Rent Expense. B. debit to Cash, credit to Prepaid Rent. ° C. debit to Prepaid Rent, credit to Cash. D. debit to Rent Expense, credit to Cash. The columns on a trial balance represent: OA. subtotals and totals. O B. revenues and expenses. O C. debits and credits O D. common stock and dividends The columns on a trial balance represent:...
In June a company paid $400 for May utilities. Select the entry below to record the cash payment. A. Utilities Payable 400 Cash 400 B. Prepaid Utilities Expense 400 Cash 400 C. Utilities Expense 400 Utilities Payable 400 D. None of the answer choices provided are correct. E. Utilities Expense 400 Cash 400
- For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on September 30, the end of the fiscal year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) On September 1, paid rent on the...
Patrick Services paid the office rent for the current month. The transaction would involve a Select one: a. debit to Cash. b. debit to Rent Expense. c. credit to Rent Payable. d. credit to Prepaid Rent.
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5,900 cash. (e) Purchased $1,700 of supplies on account....
Record the following transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Started business by issuing 10,000 shares of common stock for $26.000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,300 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5.900 cash. (e) Purchased $1700 of supplies on account....
As Brian's accountant, analyze and record the transactions in Taccount form. Label each entry with the letter of the transaction Brian Palu opened a consulting company and the following transactions resulted (Click the icon to view the transactions) (Click the icon to view the Chart of Accounts ) Cash 111 Office Equipment 121 Accounts Payable 211 Brian Palu, Capital 311 Brian Palu, Withdrawals 312 Consulting Fees Earned 411 Advertising Expense 511 Rent Expense 512 C. Brian invested $40,000 in the...
Entity H received a cellphone bill that it paid immediately. The journal entry to record this transaction will include: a debit to Prepaid Utilities and a credit Cash a debit to Utility Expense and a credit to Accounts Payable a debit to Utility Expense and a credit to Cash a debit to Prepaid Utilities and a credit to Accounts Payable