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
dsp73
3 years ago
8

ABC Tax Planning Service started business in January 2018. The company rented an office for 7,000 per month starting from Januar

y​ 1, 2018. On that​ day, ABC prepaid the rent through June 30. The company makes adjusting entries at the end of each month. What is the balance in the Prepaid Rent account as of April​ 30, 2018?
A.$ $3,500
B.$7,000
C.$14,000
D.$ 1,167
Business
1 answer:
Jet001 [13]3 years ago
3 0

Answer:

The answer is: C) $14,000

Explanation:

ABC Tax Planning Services paid six months of rent in advance, from January to July. It spends $7,000 per month on rent, so the six months prepaid rent would be $42,000. On April 30, 2018, ABC had already rented the offices for 4 months, so it had only two months left in its Prepaid Rent account, equivalent to $14,000 (2 x $7,000).

You might be interested in
The day after you said goodbye
TiliK225 [7]
We went for a drive, 2:30 in the morning
I kissed you, it was pouring
We held each other tight before the night was over
You looked over your shoulder
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
8 0
3 years ago
Read 2 more answers
Pool line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we
attashe74 [19]

The answer is Pool Cleaning Systems. The relevant market product is Pool Cleaning System. It is engineered to clean the entire pool, including floors, steps, benches, even spas. Nozzles pop up consecutively to direct a power jet of water to direct debris towards the MDX-R3 drain.

8 0
3 years ago
An operator wants to determine the standard deviation for a machine she operates. To do this, she wants to create a p-chart. Ove
kondaur [170]

Answer:

The answer is letter A.

Explanation:

Less than or equal to 0.1

Because:

Average proportion (P-bar)= 0.024

Observations (n)= 75

sd =√(P-bar)(1-(P-bar)/n

sd =√(0.024)(1-0.024)/75

sd= √(0.024)(0.976)/75

sd= √(0.023424)/75

sd= 0.01767

sd ≤ 0.1

8 0
3 years ago
Peter and Paul shared a sum of money in the ratio of 4:5. If peter got ₱56,000,what was the original amount of money?​
Natalka [10]

Answer:

126,000

Explanation:

56,000/4 = 14,000

5*14,000 = 70,000

56,000 + 70,000 = 126,000

8 0
2 years ago
The recording of business transactions is a basic part of financial reporting and is referred to as:.
Karo-lina-s [1.5K]

The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>

<h3>What is Bookkeeping?</h3>

Bookkeeping is the process of recording financial transactions.  It entails preparing reference papers for all company transactions, activities, and other occurrences.

The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.

Learn more about Bookkeeping here:

brainly.com/question/25572872

4 0
2 years ago
Other questions:
  • True or false FICO is a credit score.
    6·2 answers
  • Tom is faced with a situation in which he must make a decision. Which of the following best describes the order of the steps of
    15·1 answer
  • If the government starts a new program where it buys every family that lives in Florida a new air conditioner, one may argue thi
    9·1 answer
  • What is competitive advantage and how does it relate to a company’s business mode?
    10·1 answer
  • At Tyson Foods, Lily serves as the point person who guides everyone in the firm towards ethical actions. Lily most likely serves
    5·1 answer
  • Those who work directly on the product to convert raw materials into a finished product are known as ____.
    5·1 answer
  • National Advertising just paid a dividend of D0 = $0.75 per share, and that dividend is expected to grow at a constant rate of 6
    15·1 answer
  • Consider a mutual fund with $219 million in assets at the start of the year and with 12 million shares outstanding. The fund inv
    11·1 answer
  • When a firm shifts from transactional selling to a value-added and relationship approach, a number of changes have to take place
    7·1 answer
  • coolidge Company owes $1,000 for merchandise inventory purchased from Ross Company during April. The amount owed is now past-due
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!