The adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.
<h3 /><h3>Unearned rent</h3>
Based on the information given the appropriate adjusting entry required for unearned rent on December 31, 20Y1 is:
31 December
Debit Unearned rental revenue $16,296
Credit Rental revenue $16,296
($39,110×5/12)
(To record unearned rent)
Inconclusion the adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.
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The option that's true about Padraig’s gross pay and total employee benefits is "His total employee benefits are 12.5% of his annual gross pay of $64,000"
His annual gross pay is $64,000, his employment benefits will be:
= 12.5% × $64000
= 12.5/100 × $6400
= 0.125 × $64000
= $8000
Therefore, the annual compensation will be:
= $64000 + $8000
= $72000
In conclusion, the correct option is C.
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Hope this helps :))
<em>~Top♥</em>
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