Answer:
Nil
Explanation:
On receipt of the amount, the entries to be posted would be;
Debit cash account $27,000
Credit deferred revenue $27,000
Being entries to recognize cash received in advance for rental income.
As such, no rental income was earned in 2019. Amount to be included in Ral's taxable income for rent revenue is nil.
In this instance, Holly would be able to deduct all of these expenses if she is not reimbursed from her employer.
Answer:$74
Explanation: it's the average of the last three payments, plus somebody said it on Yahoo answers so it has to be right