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