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Choose the correct answer only without explanation 4. if the company receive 2020 in advance from the customer for doing service belong 3 years so
Choose the correct answer only without explanation
4. if the company receive 2020 in advance from the customer for doing service belong 3 years so the Cr for the first journal= (2 Points) Cash Account Receivable Revenue Unearned Revenue 5. If the company paid rent expenses to the owner of the building so the Cr will be (2 Points) Prepaid Rent Expenses Rent Expenses Cash Account Payable 6. If the company have supplies in the year was 2000 and the balance of supplies in the first year was 6000 so the supplies expenses will be= (2 Points) 6000 2000 8000 4000 7. If the company purchased a car by 8000 and the useful life for the car 5 years and the salvage value will be 1000 so the depreciation expenses: (2 Points) 1400 9000 8005 7000 8. if the company paid in advance 8000 to the insurance company to cover health insurance for 4 years so after 4 years the balance of insurance expenses= (2 Points) 8000 0 2000 200 9. If the customer paid the accrued revenue so the Dr in the journal entries (2 Points) Accrued Revenue Cash Account Recivable RevenueStep by Step Solution
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