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22. If a business pays rent in advance and debits a Prepaid Rent account, the company receiving the rent payment will: a. debit Rent Expense
22. If a business pays rent in advance and debits a Prepaid Rent account, the company receiving the rent payment will: a. debit Rent Expense b. debit Rent Receivable c. credit Rent Revenue d. credit Unearned Rent Revenue 23. Fugazi City College sold season tickets for the 2018 football season for $240,000. A total of 12 games will be played during September, October and November. In September, two games were played. In October, five games were played. The balance in Unearned Ticket Revenue at October 31 is: a. 90,000 b. 100,000 c. 140,000 d. 150,000
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