1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vedmedyk [2.9K]
3 years ago
8

On December 16, 2015, B. Darin Company received $5,000 from S. Dee Company for rent of an office owned by B. Darin Company. The

payment covers the period from December 16, 2015 through February 15, 2016. B. Darin Company recorded this as Unearned Rent when it was received on December 16. The adjusting entry on December 31 would include a:
Business
1 answer:
WITCHER [35]3 years ago
4 0

Explanation:

The journal entry is shown below:

Unearned rent revenue Dr  $1,250

              To Rent revenue  $1,250

(Being the unearned rent revenue is recorded)

The computation is shown below:

= Received amount ÷ number of months × given number of months

= $5,000 ÷ 2 months × 0.5 months

= $1,250

So it include a debit to unearned rent revenue for $1,250 and credit the rent revenue for $1,250

You might be interested in
Which of the following explains how can a yield curve be flat or downward sloping if a maturity risk premium exists? a. Investor
ratelena [41]

"Investors expect inflation to be lower in the future" explains how can a yield curve be flat or downward sloping if a maturity risk premium exists.

<u>Answer:</u> Option B

<u>Explanation:</u>

Yield curves monitor the connection of interest rates to the treasury securities of US maturity in a given time. With interest rate changes, the slope, shape, and scale of yield curves can vary over time. The gradient of the yield curve offers a good indication of the path of future short-term interest rates; an upward sloping curve usually suggests that higher future interest rates are expected by financial markets; a downward sloping curve implies perceptions of lower future rates.

7 0
3 years ago
Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit cards offer the
jek_recluse [69]
I think its A. 
 
Because: 

B isn't true because if someone gets a hold of your debit card, you're somewhat screwed as they can withdraw your earned money

C Debit cards use earned actual money unlike a credit card

D Most businesses now days don't accept checks, because of so many bounced checks 
7 0
3 years ago
Read 2 more answers
The periodic expensing of an asset over the property's theoretical economic life is referred to as what
Charra [1.4K]

The periodic expensing of an asset over the property’s theoretic economic life is known as the depreciation. Depreciation occurs when there is a presence of the utility’s loss and in the same time, there is a physical deterioration or economical obsolesce that causes a value or that both may occur in the same time.

8 0
3 years ago
What are the disadvantages for an employer of paying employees piece rate or commission
vlada-n [284]

Reduced Quality, Hindered Production, and Workers May Come To Work When Sick

5 0
3 years ago
Read 2 more answers
The main purpose of project plans is to:__________ a. define project scope b. guide project execution c. schedule management pla
Llana [10]

Answer:

b, guide project execution

Explanation:

The main purpose of project plans is to guide project execution from start to finish. Project plans are formal, approved documents that is put together that details the processes, steps, resources, etc that is needed to bring a project to life. Project plans is also useful for project control.

Cheers.

3 0
3 years ago
Other questions:
  • A hurracane has hit the oil refineries in lousiana and taxes what happens in the market
    11·1 answer
  • If your company had an annual purchase cost of items equal to $2,000,000, an annual holding cost of $150,000 and an annual order
    14·1 answer
  • Suppose Canada produces only smartphones and tablets. The resources that are used in the production of these two goods are not s
    9·1 answer
  • April has joined a team with members from the sales, customer services, and shipping and receiving departments. which term best
    11·2 answers
  • Marina Inc. sells and services sailboats. On April 1, Marina financed the purchase of its entire inventory with ACE Finance Comp
    5·1 answer
  • What will be the inventory Cost that was valued at 286000 valued at<br>.And obsolete cost is 8400​
    14·1 answer
  • After a business designates categories of expense in its budget, it a: applies a formula. b: appoints an accountant. c: allocate
    15·1 answer
  • As of December 31, 2019, Sheffield Corp. had $3000 of raw materials inventory. At the beginning of 2019, there was $2500 of mate
    7·1 answer
  • Short-run macroeconomic equilibrium is when (Hint: Be careful! Be sure to return to the general definition of equilibrium):
    15·1 answer
  • If the federal government requires the State of Oklahoma to install concrete barriers which line a road leading into a federal m
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!