Answer and Explanation:
The adjustment should be as follows
Unearned Rent Revenue $47,400
To Rent Revenue $47,400
(Being recording of revenue earned is recorded)
Here unearned rent revenue is debited as it decreased the liabilities and the rent revenue is credited as it increased the revenue. Also liabilities and revenue contains the normal debit balance
The working is shown below:
= $71,100 × 8 months ÷ 12 months
= $47,400
The eight months are calculated from May 1 to December 31
Answer:
Minimize is the correct answer for plato users
Explanation:
Answer: C. Château of Chambord
Explanation: The Château of Chambord is the biggest Château in France with rooms ranging from 400 and above, as well as over 85 staircases. It was first built by Valois King Francis I in 1519 and a construction span of 28 years. The purpose of its construction was to serve as a royal hunting grounds for King Francis I and other kings or lords that have a keen interest in hunting. It is also worthy to note that its construction was never complete after undergoing various alterations during its 28 years construction span.
Answer:
Profit= $106,682.52
Explanation:
Giving the following information:
Unitary Variable costs:
Direct material= 3,200
Direct labor= $2,300 ($15 per hour)= 153.33 hours
Manufacturing overhead is applied at $18 per direct labor hour.
Units sold= 42
Selling price= $10,800
Profit= Total sales - total variable cost
Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52
