1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artist 52 [7]
3 years ago
15

On September 1, a client paid the company $25,200 cash for six months of rent in advance (the client leased a building and took

occupancy immediately). The company recorded the cash as Unearned Rent Revenue.
Business
1 answer:
Tju [1.3M]3 years ago
4 0

Answer:

Dr Unearned rent revenue 16,800

Cr Rent revenue 16,800

Explanation:

Period 6 months

Period expired at year end which is from September to December = 4 months

December 31

Dr Unearned rent revenue 16,800

(4/6×25,200)

Cr Rent revenue 16,800

Unearned Rent Revenue was debited in order to reduced Liability while Rent Revenue was credited in order to increase revenue.

You might be interested in
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP
Bumek [7]

Answer:

Dina's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. INCREASES EXPORTS (X) AND INCREASES THE GDP

Charles buys a sweater made in Guatemala. INCREASES IMPORTS (M) AND REDUCES THE GDP

Charles's employer upgrades all of its computer systems using U.S.-made parts. INCREASES INVESTMENT (I) AND INCREASES THE GDP

The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. INCREASES GOVERNMENT EXPENSES (G) AND INCREASES THE GDP

Dina gets a new refrigerator made in the United States. INCREASES CONSUMPTION (C) AND INCREASES THE GDP

3 0
3 years ago
On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his
Anika [276]

Answer:

Neighbourhood centre

Explanation:

A neighbourhood centre is a place where local local residents have access to a wide range of services. People gather for group activities, social support, public information and so on.

Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his suit. He did not have to move his car because next door was a gift shop where he could pick up a gift for his niece. Conveniently enough, next door to that store was a supermarket, where he purchased essentials like milk and cornflake cereal.

Phil is at a neighbourhood centre where wide variety of services are provided locally.

7 0
3 years ago
Read 2 more answers
In the presence of producer producer rivalry the price will tend to be ___.
vodomira [7]

Answer:

The correct answer is letter "A": be driven to a lower price.

Explanation:

Typically, when there is a producer to producer competition, the competing companies tend to <em>lower </em>their product prices. This happens because of the belief consumers are mainly price driven at the moment of discriminating in choosing to buy one good over another. Though, it allows consumers to at least have a couple of sources from where to choose at a fair price.

6 0
3 years ago
Describe the current economy and labor market, including the types of goods and services produced, the types of skills workers n
kupik [55]
Ndjdjdj djdhsjs hsjdhdhshcvdjsjvdjsbdbxbjdjjj]gshdhsjshdhxhsowhbs sjsbjsjd Ghana f d g. So. S. X. S. F. F. G d c f f d de d d d. F. coc c. Coc. Coc. Coc. C coc. Coc c c f. C c c c c c c. C c c. C c. C. C c c c c. Chutiya hai tu
5 0
3 years ago
Question help what is the definition of​ monopoly?
Juliette [100K]
Monopoly is a seller<span> that is selling a unique product in the market and in a </span>monopoly<span> market, the seller faces no competition. </span>
A firm that is a monopoly can ignore the actions of other firms. From the given option the following best describes monopoly:
<span>C: A monopoly is a firm that is the only seller of a product in a given industry.</span>
8 0
3 years ago
Other questions:
  • Matt has decided to purchase his textbooks for the semester. his options are to purchase the books via the internet with next da
    13·1 answer
  • 25. Which of the following people will most LIKELY find the highest paying job in the workforce? *
    13·2 answers
  • You are writing the financial analysis for a snowboarding apparel business you are hoping to open in Topeka. Which tips should y
    7·1 answer
  • Whitewall Tire Co. just paid an annual dividend of $1.70 on its common shares.
    13·1 answer
  • Carl purchased an apartment complex for $2.6 million on March 17 of year 1. of the purchase price, $1,050,000 was attributable t
    8·1 answer
  • Why is it very important to properly present the results of your analysis in a report
    11·1 answer
  • When units produced exceed units sold, net income will generally be ______ costing. Multiple choice question. the same under bot
    10·1 answer
  • Julius, a collector and seller of Egyptian relics, hired Brutus to act as his sales agent. Julius later discovered that Brutus,
    9·1 answer
  • How many hours a week should a student plan to study for a three-credit course in a 15-week session?.
    15·1 answer
  • You tell Julia you already know a bit about leadership styles, and you think you have traits that will make you a good leader.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!