A I’m not doing this but pretty sure A
Answer:
The correct answer is letter "B": Debit Prepaid Rent, credit Cash.
Explanation:
Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>
Answer:
The bond is worth $651.59 today
Explanation:
FV = $1000
N = 8
I/Y = 5.5%
Present Value = ?
PV = FV*(1+r)^(-n)
PV = $1000 * (1 + 0.055)^-8
PV = $1000 * (1.055)^-8
PV = $1000 * 0.651599
PV = $651.59
The Incubation because it drop to a low level so it’s E
