Lopez company received $6,400 on april 1, 2010 for one year's rent in advance and recorded the transaction with a credit to a nominal account. the december 31, 2010 adjusting entry isa. debit rent revenue and credit unearned rent, $1,600.b. debit rent revenue and credit unearned rent, $4,800.c. debit unearned rent and credit rent revenue, $1,600.d. debit unearned rent and credit rent revenue, $4,800.

Correct option is Statement a.

Dr. Rent Revenue = $1,600

Cr. Unearned Rent = $1,600

Explanation:

Provided information rent received for 1 year = $6,400

Date of receiving Rent = April 1, 2010

Since rent is for 1 year the period is from 1 April to 31 March of next year.

Thus, rent for current year 2010 =

Unearned rent for current year = $6,400 - $4,800 = $1,600

Therefore, on December 31 the adjusting entry will be:

Dr. Rent Revenue = $1,600

Cr. Unearned Rent = $1,600

Correct option is Statement a.

answer; ///i believe the correct   answer is (e) transformational;

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%