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Maslowich
3 years ago
7

Which of the following is NOT one of the responsibilities of the Federal Reserve?

Business
1 answer:
kipiarov [429]3 years ago
3 0

C is the answer for this question.

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Answer:

A liability account in the balance sheet.

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Debit Cash account

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The cash account is an asset while the Unearned/Deferred rental revenue is a liability account.

As such, the collection of rent in advance is A liability account in the balance sheet.

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