Answer: The correct answer is a. debit Unearned Rent Revenue, $2,500; credit Rent Revenue, $2,500.
Explanation: Leyland Realty Company receipt of $15,000 represents an unearned revenue because the 6-month rent has not been utilized. Since the term is for 6 months, monthly amortization would be $15,000 ÷ 6 months = $2,500. This amount now serves as the monthly amortization, which would be unwound to revenue and the amount in liability (unearned revenue) would gradually decrease until it becomes zero.
Now that a month has elapsed (1 July - 31 July), an amount of $2,500 calculated above would be unwound to revenue (income statement) by Debiting Unearned revenue $2,500 and Crediting Revenue $2,500.
Debit cash:
Invested by owner, $30,000
Collection of account receivable 1,900
Performed consulting services for cash 4,200
Balance 4,800
Credit Purchased:
Equipment, $26,000
Cash payment of rent 1,000
Purchase of supplies for cash 2,500
Payment of account payable 900
Payment of salary 700
<span>Withdrawal by owner 200
</span>Cash:
Debit Balance 5,500
The initial investment by owner 20,000
Fee revenue earned 6,500
Credit Withdrawal by owner 16,000
<span>Payment of rent 5,000</span>
(b.) FALSE
The marketing channel is a downstream portion of a supply chain that reaches from point of production to the consumer. It connects the product to the customer. The downstream process refers to the processing of materials and make a finished product.
Although still underrepresented, women have broken into management roles, particularly in the education and health industry.
Women are considered as the main agents of primary health care.
They play an essential role in maintaining the family and health of community. Women are the ones who are the most aware of sickness and suffering in the community.
Their social role is as nurturer and care-taker of the young and the old, as well as the the sick and the handicapped, and they put an important influence on health habits in the family.
Educated women not only tend to promote education of their girl child, but women also provide better guidance to all of their children, moreover educated women can also help in the reduction of infant mortality rate and growth of the population.
To know more about the women role in education here:
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