Answer:
Dr Rent revenue
Cr Unearned rent revenue, $4,500
Explanation:
Preparation of XYZ Company Journal entry
Since we were told that the Company received the amount of $18,000 on April 1, 2020 for a one year's rent paid in advance in which the transaction has a credit to a nominal account, this means we have to record the transaction by Debiting Rent revenue with 4,500 and Crediting Unearned rent revenue, with the same amount of $4,500 calculated as
(3/12 x $18,000 ).
Dr Rent revenue
Cr Unearned rent revenue, $4,500
(3/12 x $18,000 )
Answer:
a. High uncertainty avoidance.
Explanation:
Cultures that have high uncertainty avoidance have a low tolerance for situations that are unclear and vague. They tend to avoid risk, follow laid down rules, and favor well structured environments.
People from cultures with high uncertainty avoidance will be ideal for the Black Diamond team. They will function well in a structured team where members collaborate to achieve set goals.
Answer: conclusions for each option studied
Explanation:
A recommendation report is a report that is used to propose solution to a particular problem; then, the best solution will then be chosen after the solution has been proposed.
We should note that before a solution is proposed, the first thing to do is to identify the problem in order to know the root cause of what's happening. Then, a conclusion will then be made for the options that were studied.
Answer:
- Credit to Accounts Receivable
- Debit to Cash
Explanation:
Accounts Receivable is an asset account that represents the cash owed to the company by customers who bought goods or services on credit.
When the credit is paid, the accounts receivable account will reduce and so will be credited because assets are credited when they reduce.
Cash on the other hand will be debited to show that it has increased as assets are debited when they increase.