Sanborn Company rents space to a tenant for $2,800 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is:
Debit Rent Receivable, $7,400; credit Rent Earned, $7,400.
Debit Unearned Rent, $7,400; credit Rent Earned, $7,400.
Debit Unearned Rent, $3,700; credit Rent Earned, $3,700.
Debit Rent Receivable, $3,700; credit Rent Earned, $3,700.
Debit Rent Receivable, $11,100; credit Rent Earned, $11,100.

1. during april, wiggins company sold 900 units of product x for $10 per unit. its beginning inventory, purchases, and sales during the month were as follows: april 1 beginning inventory 200 units @ $1 5 purchases 200 units @ $2 8 sales 300 units 10 purchases 200 units @ $3 15 purchases 200 units @ $4 18 sales 300 units 20 purchases 200 units @ $5 25 purchases 200 units @ $6 28 sales 300 units it was further noted that the ending inventory consisted of 100 units each of april 10th, april 15th, and april 25th purchases (use this data for the specific identification method only). compute the proper cost to be assigned to ending inventory, cost of goods sold, and gross margin under each of these methods using the periodic system: (a) average cost, (b) fifo, and (c) lifo.

Alocal college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing.for the students of the college, the visual appearance of the campus is (non-rival/rival) and (non-excludable/excludable). thus, the visual appearance would be classified as a public good.suppose the college administrators estimate that the beautification initiative will cost $8,160. to decide whether the initiative should be undertaken, administrators conduct a survey of the college's 490 students, asking each of them their willingness-to-pay for the beautification project. the average willingness-to-pay, as revealed by the survey, is $17.the benefit of the beatification initiative, as suggested by the survey, is $ because the estimated benefit is (less/greater) than the cost, the college administrators (should/should not) undertake the beautification initiative.the calculation of the benefit of the beatification initiative relied on the ability of the administrators to accurately capture the true willingness-to-pay of each student.which of the following scenarios would cause the survey used by the college administrators to yield misleading willingness-to-pay data? check all that apply._ students are surveyed at random, using conventional survey and data-gathering methods._ students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.

The following transactions occurred during july: received $1,050 cash for services provided to a customer during july. received $5,000 cash investment from bob johnson, the owner of the business received $900 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $525. borrowed $7,500 from the bank by signing a promissory note. received $1,400 cash from a customer for services to be rendered next year. what was the amount of revenue for july?