Rent paid in advance is an example of which of the following? A. Accrued expense B. Accrued
Question:
Rent paid in advance is an example of which of the following?
A. Accrued expense
B. Accrued revenue
C. Deferred expense (prepaid expense)
D. Deferred revenue (unearned revenue)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
Step 1 To determine Concept introduction Adjusting entries are required to adjust the accounts accor...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
1- Clever Computers has a five-day work week and pays the office staff $3,050 each week. If the month ends on a Thursday, the adjusting entry will credit Wages Payable for a. $610. b. $3,050. c....
-
Jen and Berry's sells ice-creams from its factory-shop in Petone. There is a managing director (Maynard Dibble), a marketing manager (Mary Salman) and a production manager (Peter Pritchard). Maynard...
-
Salaries owed but not yet paid is an example of which of the following? A. Accrued expense B. Accrued revenue C. Deferred expense (prepaid expense) D. Deferred revenue (unearned revenue)
-
Use implicit differentiation to find dy/dx. 6x 3 + 7y 3 = 13xy
-
How can the earnings growth rate be determined?
-
How is the addition rule changed if the exclusive or is used instead of the inclusive or} Recall that the exclusive or means either one or the other, but not both.
-
7. On June 30, John N. Willis signed a demand promissory note for $1,620 to the Camelot Country Club in Carrollton, Texas. The note stated that it was being given in payment for a membership in the...
-
1. Using the guidelines and suggestions in this chapter, design a user interface. Draw storyboards then use Microsoft Access or another form-designing application to create the screens. 2. Determine...
-
Question 2 (15 points) Cornell purchased a 15-year, $50,000 bond from Fulvous Corporation for $20,000 eight years ago. Interest of $2,300 has been amortized over the eight years and added to...
-
Wedding Planners Limited (WP), owned by Anne and Francois Tremblay, provides wedding planning and related services. WP owns a building (the Pavilion) that has been custom-made for hosting weddings....
-
Prepare journal entries to record the following adjustments. A. Insurance that expired this period, $18,000 B. Depreciation on assets, $4,800 C. Salaries earned by employees but unpaid, $1,200 268...
-
If the Prepaid Insurance account had a balance of $12,000, representing one years policy premium, which was paid on July 1, what entry would be needed to adjust the Prepaid Insurance account at the...
-
Balance the following redox reaction using the oxidation number method: M 2 O 3 (s) + X 2 (g) MX 3 (aq) + O 2 (g)
-
Discuss the role of the shareholder in the corporate hierarchy. Then discuss the issue of whether corporate shareholders should have an obligation to make certain that their business corporation acts...
-
What role do financial market participants play in shaping interest rate expectations through the pricing of interest rate derivatives such as interest rate swaps, futures contracts, and options, and...
-
Expense Max LeClerc is considering purchasing a new car. The price of the car is $63000, and Max hopes to keep it 5 years and then sell it for $16600. Based on past experience, Max drives about...
-
discuss the implications of interest rate parity conditions, such as covered interest rate parity and uncovered interest rate parity, on cross-border capital flows, exchange rate movements, and the...
-
What are long - term assets? What makes them long - term? What are some examples?briefly describe all terms.
-
Joseph Thompson is president and sole shareholder of Jay Corporation. In December 2016, Joe asks your advice regarding a charitable contribution he plans to have the corporation make to the...
-
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?
-
What is EVA and why is it superior to other performance measures?
-
Without proper performance measures, goal congruence is almost impossible to achieve and will likely lead to ________. A. More stable targets B. Decreased defects C. Lost profits D. Employees...
-
What does goal congruence mean? Provide an example with your explanation.
-
IF risk is measured as beta, then a portfolio with half in a risky asset and half in the risk free asset will have: -half the returns of the risk-free asset -more than half the risk of the risk asset...
-
Using your answer to number 1 above, propose a better way that the average adult could spend (or invest) their money. Give evidence to support your opinion including some math to show why it is a...
-
The risk-free rate is 7%. The expected market rate of return is 15%. If you nd a stock with a beta of 1.3 is expected to oer a rate of return of 12%, as qualify for a skillful fund manager, you...
Study smarter with the SolutionInn App