Whispering Winds Corporation received a check for $22,080 on July 1st which represents a 6-month...
90.2K
Verified Solution
Link Copied!
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: Zin AI - Your personal assistant for all your inquiries!
