subject
Business, 23.01.2020 18:31 tbt81

Bonita realty management co. received a check for $30,000 on october 1, which represents a one yearadvance payment of rent on an office it rents to a client. unearned rental revenue was credited for the full $30,000. financial statements are prepared on december 31. the appropriate adjusting journal entryto make on december 31 would be

a. rent revenue $2,500unearned rent revenue $2,500
b. rent revenue $22,500unearned rent revenue $22,500
c. unearned rent revenue $22,500rent revenue $22,500
d. unearned rent revenue $7,500rent revenue $7,500

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:00
On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)
Answers: 3
question
Business, 22.06.2019 05:30
Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?
Answers: 3
question
Business, 22.06.2019 16:30
Who got instagram! ? if you do give it to me
Answers: 1
question
Business, 22.06.2019 18:50
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
You know the right answer?
Bonita realty management co. received a check for $30,000 on october 1, which represents a one yeara...
Questions
question
Mathematics, 02.04.2020 17:37
question
Mathematics, 02.04.2020 17:38
question
Mathematics, 02.04.2020 17:38
Questions on the website: 13722359