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3 years ago

Pilot Company pays for two years of rent in advance. Recording this transaction would include a debit to:______.

Business

1 answer:

Zarrin [17]3 years ago

6 0

Answer:

prepaid rent

Explanation:

From the question we were informed about how a Pilot Company pays for two years of rent in advance.

Incase of Recording this transaction, it would include a debit to prepaid rent

debit to prepaid rent is one of the journal entry for prepaid rent, and a prepaid rent is usually pen down as asset and it gives the rent expenses in future time , since the Pilot Company pays for two years of rent in advance,debit to prepaid rent must be included when recording the transaction.

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At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,700 (debit) before any yea

iren2701 [21]

Answer:

Bad debt expense $11,320 ($283,000 × 4%)

To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $11,320 ($283,000 × 4%)

To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

For recording this given transaction, we debited the bad debt expense as it increases the expenses account and at the same time it decreases the account receivable so the allowance would be credited so that the proper posting could be done

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2 years ago

Suppose that a recent purchase of a residential home has been facilitated equally by a listing agent and a buyer broker. Based o

alexgriva [62]

Answer:

The correct answer is

D) both the listing broker and the buyer broker

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3 years ago

Art is charged with kidnapping. After listening to all the evidence, 11 of the 12 jurors found him guilty. The twelfth juror vot

Likurg_2 [28]

No he will not be convicted

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3 years ago

If a company is located in south america, what cultural factor would explain the company's choice of a mechanistic structure?

Anika [276]

Based on movies and books I've read, I noticed that the culture in South America is big on familial love. Their family spreads not only immediately, but even to cousins after cousins. You can see them living in family compounds and they greet each other as families.

Therefore, this could be a reason for the company's choice of a mechanistic structure. This structure is about the working together of single parts to create an efficient mechanism. Thus. familial relationship is very important. They have to invest in close family ties through social events.

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2 years ago

Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress are known as _____ ratio

katrin [286]

Answer:

Liquidity ratios

Explanation:

Liquidity ratios measure a company's ability to meet its short term obligations.

Examples of liquidity ratios are :

Current ratio

Quick ratio

Cash ratio

I hope my answer helps you

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3 years ago