Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. whispering winds corporation received a check for

Whispering Winds Corporation received a check for $22,080 on July 1st which represents a 6-month...

90.2K

Verified Solution

Question

Accounting

Whispering Winds Corporation received a check for $22,080 on July 1st which represents a 6-month Advance payment of rent on a building kit rinse to a client unearned rent Revenue was credited for the full $27,600 financial statements will be prepared on July 31st whisperings should make the following adjustment on July 31st

a. increase cash $22,080 and increase rent Revenue $22,080 b. decrease unearned rent revenue $22,080 and increase rent Revenue $22,080 c. decrease rent Revenue $3,680 increase unearned rent Revenue $3,680 d. decrease unearned rent revenue $3,680 and increase rent Revenue $3,680

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

In hypothesizing that fish density may have been a factor in the die off categorize...

Biology
Q

Find the characteristics and the minimal polynomial of the following matrices over R, then deduce...

Advance Math
Q

discuss the funtional regions of the nephron

Medical Sciences
Q

In 2008 the Better Business Bureau settled 75% of complaints they received (USA Today, March 2,...

Basic Math
Q

Can I study intermediate accounting with some introductory financial accounting knowledge, or do I have to take...

Accounting
Q

7 NADP and ATP are important products of the light reaction phase and are needed...

Biology
Q

Part 4 6 Let x 2 x 1 2 a Find the vertex b Find...

Geometry
Q

20 TB MC Qu 09 57 Algo During Year

Statistics
Q

Sky Armor Industries fabrica maletas de aluminio de alta calidad hechas de metal reciclado. La...

Accounting
Q

The board of commissioners of the City of Hartmoore adopted a General Fund budget for...

Accounting
Q

Financial statement data for Oriole Moving Company for 2024 follow. ORIOLE MOVING COMPANY Comparative...

Accounting
Q

QUESTION 7 Likert company manufactures extremely accurate scales. They use a standard costing...

Accounting