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Rainbow [258]
3 years ago
15

On october 1, goodwell company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' ren

t in advance on that date, with the lease beginning immediately. the cash receipt was credited to the unearned rent account. the company's annual accounting period ends on december 31. the unearned rent account balance at the end of december, after adjustment, should be:
Business
1 answer:
Nina [5.8K]3 years ago
4 0
Goodwell will recognize 3 months (Oct 1 - Dec 31) of rent revenue earned, and will reduce (debit) the unearned rent revenue for those 3 months.
2,500 x 3 months = 7,500

Journal Entry, Dec 31:
Unearned Rent Revenue: 7,500
           Rent Revenue:                    7,500

The new Unearned Rent Revenue Account balance will be:
12,500 - 7,500 = 5,000

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The word local describes:
Wewaii [24]
The answer is B because local is are around you so A and D is out of the question and C also is wrong
5 0
2 years ago
On Mr. Casper’s debate team at Thunderbird High School, 20% of the members are Sophomores, 35% are Juniors and 45% are Seniors.
balandron [24]

Answer:

here is a 63.25% for winning the debate given the student distribution and the chance of success  of each type of student.

Explanation:

As the student will be picked at random we can determiante the expected value by doing a weighted average:

\left[\begin{array}{cccc}$Student&$Return&$Probability&$Weight\\$Sophomore&0.2&0.2&0.04\\$Junior&0.6&0.35&0.21\\$Senior&0.85&0.45&0.3825\\Total&&1&0.6325\\\end{array}\right]

4 0
3 years ago
There is a connection between the content of an advertisement and the characteristics of the media used to carry the message. Th
GuDViN [60]

Answer: a. Television

b. Radio

c. Magazine

d. Newspaper

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Explanation:

Based on the different types of media available, the answers to the items below will be:

a. High cost: several channel and program options; may increase awareness of competitors' products.

The above description is for Television.

b. Relatively inexpensive; can be selectively targeted; wide reach.

The above description is for Radio.

c. Very targeted; subscribers pass along to others.

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d. Can be expensive some markets; advertisements have short life span.

The above description is for Newspaper.

e. Can be linked to detailed content; highly flexible and interactive; allows for specific targeting.

The above description is for Internet/Mobile

f. Is not easily targeted; has placement problems in some markets; exposure time is very short.

The above description is for Outdoor/Billboards

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7 0
2 years ago
What are the key elements of communication process?
Vikki [24]

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8 0
2 years ago
Replenishing the Petty Cash Fund
liq [111]

Answer:

Explanation:

Postage expense.           1320

freight out.                       1140

miscellaneous exp.           150

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to replenish petty cash account

note that pettty cash is only debited or credited when you are increasing Or decreasing the petty cash fund. This entry appears to be only replenishing the petty cash account.

4 0
2 years ago
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