Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. c. a. .on july 1, small digital phone received $4,

C. a. .On July 1, Small Digital Phone received $4,800 for two years' rent in...

60.1K

Verified Solution

Question

Accounting

image
C. a. .On July 1, Small Digital Phone received $4,800 for two years' rent in advance from arison Company. The December 31 adjusting entry that Small should make is to: a) debit Rent Income; credit Unearned Rent $2,400. b) debit Cash; credit Rent Income $2,400. c) debit Unearned Rent; credit Rent Expense $1,200. d) debit Unearned Rent; credit Rent Income $1,200. , First Realty paid $3,600 rent on a building in advance for three years on October 31, The amount that should be recorded as rent expense as of December 31 is: a) $1,200. b) $200. b- c) $1,800 d) $400 Determine the cash short or over en the following: hto balance per the Petty Cash account $100 count of coin and currency amounts to $9 ere are receipts: for telephone costs of $12 for supplies of $23 for transportation $18 for the owner's hunch $35

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

4 24 pts 4 each The hourly wage for the national population of health aides...

Statistics
Q

These problems may be solved using Minitab. Copy and paste the appropriate Minitab output into a word-processed...

Basic Math
Q

A cylindrical metal rod of length Lo is shaped into a ring with a small...

Physics
Q

Find all the local maxima local minima and saddle points of the function f x...

Geometry
Q

3 Solve each equation on the interval 0 0 2T a 2 sin 0 3...

Basic Math
Q

The marginal revenue function for Hedgemony, a bush planting service, is given by r(x) =...

Basic Math
Q

The differential equation given below is exact(y cos(x)+x^4)dx+(sin(x)+y^5 )dy = 0.Select one:TrueFalse

Calculus
Q

FIne the area enclosed by the given ellipse x asint y bcost 0 t 2pi...

Calculus
Q

In the cash flow statement the total of net cash flows from operating activities, net...

Accounting
Q

Dakota Company experienced the following events during Year 2: 1. Acquired $20,000 cash from the...

Accounting
Q

#21-24 in my hwThe first picture information should be used to answer every question ...

Accounting
Q

Describe two ethical issues which an accounting firm Like Ernst& Young might encounter? 500 words

Accounting