joshawajackson
14.12.2019 •
Business
On october 1, goodwell company rented warehouse space to a tenant for $2,300 per month and received $11,500 for five months' rent in advance on that date, with the lease beginning immediately. the cash receipt was credited to the unearned rent account. the company's annual accounting period ends on december 31. the unearned rent account balance at the end of december, after adjustment, should be:
a. $9,200.
b. $6,900.
c. $4,600.
d. $2,300.
e. $11,500.
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Ответ:
c. $4,600
Explanation:
The computation of the adjusted unearned rent account balance is shown below:
= Advance rent received for five months - unearned rent for 3 months from October 1 to December 31
where,
Advance rent = $11,500
And, the unearned rent would be
= $2,300 × 3 month
= $6,900
Now put these values to the above formula
So, the value would be equal to
= $11,500 - $6,900
= $4,600
Ответ:
141÷ 4= x
Step-by-step explanation:
I think it's self- explanatory there