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