Apps M Gmail D Youtube Maps 3. Assuming that the company uses reversing entries, prepare reversing entries on November 1 and the journal entries to record Trey's payment of rent on November 5 and the collection of the tenant's rent on November 8. View transaction list Journal entry worksheet 3 Record Trey's payment of rent on November 5. Note: Enter debits before credits. General Journal Credit Date Debit 5,600 Nov 05 Rent payable Rent expense 2,800 2,800 View general journal Clear entry Record entry Type here to search Which of the following is classified as current assets? O Land. Patent. Office supplies. O Office equipment O Unearned revenue. Super company due the co u es permeteno ntry to record the much a $1500 worth of merchandise ont stehen sed 9750 of me on August O t $9.750 Deon Merchandise Inventory $70. Cred Accoun Det Merchandise Inventory $9750, cred CNSAS O 39.750 De Accounts Payable $9750.cred Merchandise De Merchandise inventory $950 a Sales S ede C SA 250 500 creat Manchong O Debit Accounts Payable $200. detit Purchase R S Acompany recorded 2 anot accrued solanes Offering sales discounts on credit sales can benefit a seller by decreasing the delay in receiving cash and reducing future collections efforts O True O False 2020 McG -Hit Education. All reserved A credit memorandum from a seller informs a buyer of the seller's credit to its Accounts Payable account arising from a sales return or allowance. O True O False 2020 McGraw-Hill Education Arts reserved Purchase allowances refer to merchandise a buyer acquires but then returns to the seller. O True O False C2020 McGraw-Hill Education. A Type here to search o i * FB a S3 The cost of the so T c On March 12. Kein Company.inc vold mechanin o ut of 57800 Babson Company with codes of 270. o othe merchandise Thesence of the merchandises 5600 and the cost of the mechandised is o n March 2015 O 57644 57056 57044 O 51200 VE Revenue accounts are temporary accounts that should begin each accounting period with zero balances. O True O False 2020 McGraw-Hill Education. All rights reserved Tara Westmont me socha de fotos Inca closing d ance of $39700 The entry to close the incom s so we offer company 2000 cash inden for owners e account of the o ther even independente en coses De n Eings $297000 credit Income $297000 1300 3.100 Det b edring 63.300 credit come Summa O D income Sammy 300, cred Ootamed Bangs S00 3 O Debit comemory S1300credit 00 100 BAE Apps M Gmail D Youtube Maps 3. Assuming that the company uses reversing entries, prepare reversing entries on November 1 and the journal entries to record Trey's payment of rent on November 5 and the collection of the tenant's rent on November 8. View transaction list Journal entry worksheet 3 Record Trey's payment of rent on November 5. Note: Enter debits before credits. General Journal Credit Date Debit 5,600 Nov 05 Rent payable Rent expense 2,800 2,800 View general journal Clear entry Record entry Type here to search Which of the following is classified as current assets? O Land. Patent. Office supplies. O Office equipment O Unearned revenue. Super company due the co u es permeteno ntry to record the much a $1500 worth of merchandise ont stehen sed 9750 of me on August O t $9.750 Deon Merchandise Inventory $70. Cred Accoun Det Merchandise Inventory $9750, cred CNSAS O 39.750 De Accounts Payable $9750.cred Merchandise De Merchandise inventory $950 a Sales S ede C SA 250 500 creat Manchong O Debit Accounts Payable $200. detit Purchase R S Acompany recorded 2 anot accrued solanes Offering sales discounts on credit sales can benefit a seller by decreasing the delay in receiving cash and reducing future collections efforts O True O False 2020 McG -Hit Education. All reserved A credit memorandum from a seller informs a buyer of the seller's credit to its Accounts Payable account arising from a sales return or allowance. O True O False 2020 McGraw-Hill Education Arts reserved Purchase allowances refer to merchandise a buyer acquires but then returns to the seller. O True O False C2020 McGraw-Hill Education. A Type here to search o i * FB a S3 The cost of the so T c On March 12. Kein Company.inc vold mechanin o ut of 57800 Babson Company with codes of 270. o othe merchandise Thesence of the merchandises 5600 and the cost of the mechandised is o n March 2015 O 57644 57056 57044 O 51200 VE Revenue accounts are temporary accounts that should begin each accounting period with zero balances. O True O False 2020 McGraw-Hill Education. All rights reserved Tara Westmont me socha de fotos Inca closing d ance of $39700 The entry to close the incom s so we offer company 2000 cash inden for owners e account of the o ther even independente en coses De n Eings $297000 credit Income $297000 1300 3.100 Det b edring 63.300 credit come Summa O D income Sammy 300, cred Ootamed Bangs S00 3 O Debit comemory S1300credit 00 100 BAE