Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a tenant rented space in the company office buildi

A tenant rented space in the company office building on October 1 at $450 per...

90.2K

Verified Solution

Question

Accounting

A tenant rented space in the company office building on October 1 at $450 per month, paying six months' rent in advance. The Company bookkeeper recognized a current liability of $2,700. The December 31, year-end adjusting entry would be

Select one:

a. DR: Unearned Rent $1,800; CR: Rent Revenue, $1,800.

b. DR: Unearned Rent $1,350; CR: Rent Revenue $1,350.

c. DR: Cash $2,700; CR: Rent Rev $1,800; CR: Unearned Rent $900.

d. DR: Rent Revenue $900; CR: Unearned Rent $900

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

Advance Math
1.2K views

Question Consider the function ?(?) = ??2 and x = 0, 0.25, 0.5, 1. Then use...

General Management
1.2K views

Discuss Starbucks Business Model, its uniqueness, and why? How does Starbucks create value and sustain it...

Biology
1.2K views

The doubling period of a bacterial population is 15 minutes. At time t=110 minutes, the...

Geometry
1.2K views

Laptop computers are measured according to the diagonals of their screens. A 16-inch laptop has...

Basic Math
1.2K views

For the following questions, use the compound interest formula, A(t) = P(1 + r)^ntAfter a...

Algebra
1.2K views

For the following equation a give a table with at least three ordered pairs that...

Accounting
1.2K views

Hawkeye Company borrows $88,500 on September 1, 2018, from Barnes State Bank by signing an...

Accounting
1.2K views

The gross profit percentage is calculated by dividing net sales by gross profit True False

Accounting
1.2K views

Use the following information to answer questions 1-5 The Stockholder's Equity accounts of a corporation...

Finance
1.2K views

:= Question Help B2-6 (book/static) Operating cash flow. Find the operating cash flow for the...

Finance
1.2K views

Atlantic Bank has purchased a 16 million one-year loan that pays 12 percent interest annually....

Accounting
1.2K views

Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was...