Answer:
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
Explanation:
Provided information we have,
Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.
Entry on that date would be
Cash A/c Dr. $36,000
To Unearned Rent $36,000
At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.
Thus rent income for the year = $36,000
= $12,000
Therefore this rent of $12,000 will be recognized as rent income for the year 2017.
Entry will be
Unearned Rent A/c Dr. $12,000
To Rent Revenue $12,000
Answer:
Explanation:
I had the answer but lost it.
Answer:
$17,000
Explanation:
Data provided in the question
Suffered amount in damage = $17,500
Book value of the truck = $40,000
And, the deductible amount = $500
So, the amount reimbursement by his policy is
= Suffered amount in damage - the deductible amount
= $17,500 - $500
= $17,000
We simply applied the above formula so that the reimbursed amount could arrive
Answer:
stem from cost-saving strategic fits along the value chains of related multiple businesses.
Answer: finish to finish
Explanation:
A lag is minimum amount of time that is required for a dependent activity have to be delayed to either start or end.
If testing cannot be completed any earlier than four days after the prototype has been built, the type of lag that exists is finish to finish.