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
levacccp [35]
3 years ago
6

Adjustment for Unearned RevenueOn June 1, 20Y2, Herbal Co. received $42,890 for the rent of land for 12 months.Journalize the ad

justing entry required for unearned rent on December 31, 20Y2. Round your answers to the nearest dollar amount. If an amount box does not require an entry, leave it _______.
Business
1 answer:
serious [3.7K]3 years ago
6 0

Answer:

Dr unearned rent $25,019

Cr rental income              $25,019

Explanation:

The cash received on June 1 20Y2 for 12 months rent would have been debited cash while the unearned rent account would have been debited with the same amount.

As of December 31, 20Y2, the rent of 7-month(June-December) have now been earned and adjusted as follows:

earned rent for 7 months=$42,890*7/12=$25,019

The earned rental income would be debited to unearned rent and credit to rental income

You might be interested in
Patti would like more information about product recalls. Which of the following resources would not be reliable and relevant?
il63 [147K]
Newspaper written by an expert
8 0
3 years ago
A popular television show, the unexpected, achieved skyrocketing ratings after moralist tom bowman attempted to have it removed
Zinaida [17]
This is an example of mass selling through publicity.
The show may not have been that much popular before Tom Bowman wanted it gone, however, after he asked for its removal from the air, people were interested to see why that is so, which is why it gained many new followers instead of losing its old ones.
6 0
3 years ago
1. A parent sells merchandise to its subsidiary at a markup of 20% on cost. In the current year, the subsidiary had $120,000 in
NARA [144]

Answer:

The subsidiary reports cost of goods sold at A. $660,000.

Explanation:

Cost of goods sold is the direct cost of producing or purchasing the goods sold by a business. The formula for cost of goods sold is as follows:

Cost of goods sold = Opening inventory + Purchases - Closing inventory

The subsidiary calculates its cost of goods sold as follows.

Opening inventory           $120,000

Add: Purchases                $720,000

Less: Closing inventory    ($180,000)

Cost of goods sold           $660,000

Therefore, the correct option is A. $660,000.

6 0
3 years ago
Consumers often seek bargains by purchasing goods in large quantities; for example, buying in bulk at Costco or buying larger bo
Nimfa-mama [501]

Answer:

The correct answer is the option B: second-degree price discrimination.

Explanation:

To begin with, the term of price discrimination, in marketing and economics, refers to the action of charge different prices to different consumers for the same product that do not vary in quality. This concept states fourth differents degrees in order to use the most beneficial strategy to one's company.

To continue,<em> the second-degree price discrimination</em> establishes that companies price products differently based on the preferences of various groups of consumers and furthermore it is very common to <u>apply this type of discrimination through quantity discounts</u> and to add an example, is very common to use this strategy in <u>warehouse retailers such as Costco.</u>

6 0
3 years ago
Try better at catfishing people. :/ Cuz ur gonna get caught..
earnstyle [38]

Answer:

Explanation:okay

7 0
3 years ago
Other questions:
  • The company has grown rapidly, and the expanded workforce includes people in many locations and of diverse backgrounds, leading
    6·1 answer
  • PLEASE HELP ME???
    9·1 answer
  • Bypassing regular sales channels in favor of Internet retailing can have strong appeal if it A. D) includes partnering rather th
    6·1 answer
  • Precision Dyes is analyzing two machines to determine which one it should purchase. The company requires a rate of return of 15
    8·1 answer
  • In a lean system, work-in-process inventory is reduced to reveal production problems, which can then be
    10·1 answer
  • The systematic study and application of knowledge about how individuals and groups act within the organizations where they work
    13·1 answer
  • Companies often use social media influencers popular with their target market to promote their products. In this case, the influ
    9·2 answers
  • All of the following are reasons to get organized except:
    5·1 answer
  • Innovation and enterprise can help to develop new and niche markets - True or False?
    15·1 answer
  • Monopoly output is _____ the corresponding output for perfectly competitive industries. Please choose the correct answer from th
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!