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iren [92.7K]
3 years ago
12

On December 1, 2021, the company received $9,000 in cash from another company that is renting office space in Falwell’s building

. The payment, representing rent for December, January, and February was credited to deferred rent revenue. On December 1, 2021, the company received $9,000 in cash from another company that is renting office space in Falwell’s building. The payment, representing rent for December, January, and February was credited to rent revenue rather than deferred rent revenue for $9,000 on December 1, 2021.
Business
1 answer:
MrMuchimi3 years ago
8 0

Answer:

From all indications,the two rents received have been posted wrongly, I want to believe that you are required to post the adjusting entries,hence my answer below:

The first $9000 was posted to deferred revenue,whereas only two months should have been

First rent:

DR Deferred revenue $3000

CR Revenue                 $3000

Second Rent

DR Revenue                  $6000

CR Deferred revenue    $6000

Explanation:

The first $9000 was posted to deferred revenue,whereas only two months should have been deferred and December rent recognized as rent.

As far as the second rent is concerned only one month has been earned,as a result the revenue should be credited with just $3000  for December.

This then mean that revenue from the second property has been overstated in December by $6000,this necessitated by adjustment above.

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photoshop1234 [79]

Answer:

A. a clear message and positive ethos

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3 years ago
Jensen is 25 years old, and he will be starting his career as a business analyst. According to Levinson, Jensen is in the _____
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Based on the research studies and situation described, according to Levinson, Jensen is in the <u>Novice</u> phase of adult development.

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Daniel Levinson concluded that early adulthood lies between the ages of 17 to 45.

This early adulthood is then categorized into two, the <u>novice</u> phase between 17 to 33 and the culminating phase, which is between 33 to 45.

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6 0
2 years ago
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victus00 [196]

Answer:

$30

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A customer submits a written complaint disputing monetary charges assessed against an account held at a member broker-dealer. re
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4 0
1 year ago
A.8<br>B.15<br>C.26<br>D.52<br><br><br><br>if anyon can help i would be so happy
Alika [10]
I think the answer is D.52
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3 years ago
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