Answer:
A. Debit Unearned rent revenue for $1,200 and Credit Rent revenue for $1,200
Explanation:
The Journal entry is shown below:-
1. Cash Dr, $7,200
To unearned rent revenue $7,200
(Being six month advance rent is recorded)
2. Unearned rent revenue Dr, $1,200
($7,200 ÷ 6 months) × 1 month
To Rent revenue $1,200
(Being rent earned is recorded)
Answer:
It means alot to me it helps me understand what my destiny is
Explanation:
Answer:
Steady Company's cost of equity is estimated to be 7.342%
Explanation:
The cost of equity is the return that is required by the holders of common stock in the company.
<em>Cost of Equity = Return on Risk free Securities + Beta × Risk Premium</em>
= 6.1 % + 0.18 × 6.9 %
= 7.342%
Therefore, Steady Company's cost of equity is estimated to be 7.342%.
