Vandelay company received $18,000 on April 1, 2020, for one year's rent in advance and recorded the transaction with a credit to a nominal account. December 31, 2020 adjusting entry is?
Adjusting Entry
Date | Particulars | Dr Amount ($) | Cr Amount ($) |
Dec. 31, 2020 | Rent received A/c Dr | 4,500 | |
To Advance Rent received A/c | 4,500 | ||
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?
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
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.
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
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
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
Check Karr Corporation received cash of $7679 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 Uneamed Rent, $3200 O b. Debit Unearned Rent and credit Rent Revenue, $3200 O C. Debit Rent Revenue and credit Unearned Rent, $4479 O d. Debit Cash and credit Unearned Rent, S4479 Check Next page
On September 1, Watson Company received $35,100 for six months of rent in advance. On September 1, Watson Company credited Rent Revenue, which is an alternate way of recording the initial receipt of cash. Required: Journalize the adjusting entry on December 31. Date Account Title Debt Credit Dec. 31
View Policies Current Attempt in Progress Crane Company paid cash of $156000 on June 1, 2020 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2020 adjusting entry is O debit Prepaid Rent and credit Rent Expense, $65000 O debit Prepaid Rent and credit Rent Expense, $91000. O debit Rent Expense and credit Prepaid Rent, $91000, O debit Prepaid Rent and credit Cash, $65000.
The Silver Legal Services Company made a payment of $18,000 as an advanced payment for one year of advertising on October 31. Silver's year-end is December 31st. If they company recorded the original transaction with a debit to Prepaid Advertising account on October 31, the adjusting entry on December 31 should: Debit what account? (Select] Credit what account? Select] Be for what dollar amount? $ [Select] If they company recorded the original transaction with a debit to Advertising Expense account...