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MaxHunter8377
05.11.2020 •
Business
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $800. Fragmental collected the entire $6,400 cash on October 1 and recorded it as unearned revenue. The journal entry made by Fragmental Co. at year-end on December 31 would be:
A) A debit to Rent Revenue and a credit to Cash for $2,400.
B) A debit to Rent Revenue and a credit to Unearned Rent for $2,400.
C) A debit to Cash and a credit to Rent Revenue for $6,400
D) A debit to Unearned Rent and a credit to Rent Earned for $2,400.
E) A debit to Unearned Rent and a credit to Rent Earned for $4,000.
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Ответ:
A debit to Unearned Rent and a credit to Rent Earned for $2,400
Explanation:
The following information can be gotten from the question:
Amount of total rent = $6400
Since the cash relating to rent was collected and recorded on October 1, the amount unearned will be calculated using 3 months i.e from October to December. This will be:
= 3/8 × $6400
= 3 × $800
= $2400
The journal entry will be:
Unearned rent A/c Dr $2400
Rent A/c Cr $2400
A debit to Unearned Rent and a credit to Rent Earned for $2,400
Ответ:
Gilgamesh shows that he is a courageous leader and a strong warrior. First, he encourages Enkidu to overcome his fear of the forest. Then, he is brave enough to defeat Humbaba, a fierce monster
Explanation:
.