BE3- 6 Bouche Corp. owns a warehouse on November 1. it rented storage space to lessee...
BE3- 6 Bouche Corp. owns a warehouse on November 1. it rented storage space to lessee for 3 month for a tatal cash payent of 2400 received in advance . . Prepare Bouche November 1 journal entry and the Demeber 31 annual adjusting entry
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BE3- 6 Bouche Corp. owns a warehouse on November 1. it rented storage space to lessee...
On November 1, the company rented space to another tenant. Acheck in the amount of...
On November 1, the company rented space to another tenant. A
check in the amount of $9,000, representing three months’ rent in
advance, was received from the tenant on that date. The tenant
occupied the space on November 1. The payment was recorded with a
credit to the Unearned Revenue account. Complete the necessary
adjusting journal entry for December 31. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field.)
On October 1, Goodwell Company rented warehouse space to a tenant for $3,900 per month.
On October 1, Goodwell Company rented warehouse space to a tenant for $3,900 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is:
On October 1 Vista View Company rented warehouse space to a tenant for $2.500 per month....
On October 1 Vista View Company rented warehouse space to a tenant for $2.500 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is:
On November 1, the company, rented space to another tenant. A check in the amount of $9,000,
Journal Entry On November 1, the company, rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was payment was recorded with a credit to the Unearned Rent Revenue account. Complete the necessary adjusting entry for December 31 by selecting the account names and dollar amounts from the drop-down menus.
On October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and...
On October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The Unearned Rent account balance at the end of December, after adjustment, should be: Multiple Choice $12,500. $5,000. $2,500. $7,500. $10,000. Next Visit question map Question 13 of 25...
On October 1, Goodwell Company rented warehouse space to a tenant for $4,200 per month. The...
On October 1, Goodwell Company rented warehouse space to a tenant for $4,200 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is: Multiple Choice Debit Unearned Rent. $12,600. credit Rent Earned, $12,600 O Debit Unearned Rent, $21,000, credit Rent Earned, $21000, Debit Unearned Rent,...
On April 1, 2011, Technapine paid $30,000 for rent on warehouse space one year in advance....
On April 1, 2011, Technapine paid $30,000 for rent on warehouse space one year in advance. On October 1, 2011, Technapine entered into a lease agreement to rent out its old warehouse space it was no longer using. This agreement calls for Technapine to receive $2,000 per month from the lessee, due and payable at the end of the 4-month lease term. At December 31, 2011, none of the rental payments from the lessee had yet been received. 2. If...
On June 1, 2021, XYZ rented a warehouse from ABC Company for $3,000 per month, paying...
On June 1, 2021, XYZ rented a warehouse from ABC Company for $3,000 per month, paying $30,000 in advance. Copy the entire question(1, 2 and 3) along with the tables below to answer in the same format 1.) Prepare the adjusting entry for XYZ on 12/31/21 if the original entry was recorded to a temporary account and no additional entries have been made for the year associated with this transaction. (3 pts) 2.) Prepare the adjusting entry for XYZ on...
----Uruing Accrued Revenues Information: Assume that Porter Properties Inc., a calendar-year company, rented office space, to...
----Uruing Accrued Revenues Information: Assume that Porter Properties Inc., a calendar-year company, rented office space, to be occupied immediately, to Tiger Travel Agency on November 1, 2018, for $5,000 per month. Porter requires Tiger Travel to make a rental payment at the end of every three months. No payment was made on November 1. Required: 1. Prepare the adjusting journal entry necessary for Porter on December 31, 2018. 2. Prepare the entry necessary on January 31, 2019, to record the...
QUESTION 35 1 points Saved On November 1, NASA rented some office space in Houston for...
QUESTION 35 1 points Saved On November 1, NASA rented some office space in Houston for twelve months paying $30,000 in advance for the 12-month rental. NASA adjusts accounts annually on December 31st for its financial report. The appropriate adjusting entry for NASA's office rent on December 31st would be: Use the following abbreviations for accounts to fill in the blanks: PR = PrePaid Rent CA = Cash AR = Accounts Receivable RE = Rent Expense Debit RE and Credit...
On November 1, the company rented space to another tenant. A
check in the amount of $9,000, representing three months’ rent in
advance, was received from the tenant on that date. The tenant
occupied the space on November 1. The payment was recorded with a
credit to the Unearned Revenue account. Complete the necessary
adjusting journal entry for December 31. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field.)
On October 1, Goodwell Company rented warehouse space to a tenant for $4,200 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is: Multiple Choice Debit Unearned Rent. $12,600. credit Rent Earned, $12,600 O Debit Unearned Rent, $21,000, credit Rent Earned, $21000, Debit Unearned Rent,...
On April 1, 2011, Technapine paid $30,000 for rent on warehouse space one year in advance. On October 1, 2011, Technapine entered into a lease agreement to rent out its old warehouse space it was no longer using. This agreement calls for Technapine to receive $2,000 per month from the lessee, due and payable at the end of the 4-month lease term. At December 31, 2011, none of the rental payments from the lessee had yet been received. 2. If...
On June 1, 2021, XYZ rented a warehouse from ABC Company for $3,000 per month, paying $30,000 in advance. Copy the entire question(1, 2 and 3) along with the tables below to answer in the same format 1.) Prepare the adjusting entry for XYZ on 12/31/21 if the original entry was recorded to a temporary account and no additional entries have been made for the year associated with this transaction. (3 pts) 2.) Prepare the adjusting entry for XYZ on...
----Uruing Accrued Revenues Information: Assume that Porter Properties Inc., a calendar-year company, rented office space, to be occupied immediately, to Tiger Travel Agency on November 1, 2018, for $5,000 per month. Porter requires Tiger Travel to make a rental payment at the end of every three months. No payment was made on November 1. Required: 1. Prepare the adjusting journal entry necessary for Porter on December 31, 2018. 2. Prepare the entry necessary on January 31, 2019, to record the...
QUESTION 35 1 points Saved On November 1, NASA rented some office space in Houston for twelve months paying $30,000 in advance for the 12-month rental. NASA adjusts accounts annually on December 31st for its financial report. The appropriate adjusting entry for NASA's office rent on December 31st would be: Use the following abbreviations for accounts to fill in the blanks: PR = PrePaid Rent CA = Cash AR = Accounts Receivable RE = Rent Expense Debit RE and Credit...
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