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I am really struggling, please help with this practice quiz. Soya company started business on January 1. Soya paid the landlord $6,000 for 6 months
I am really struggling, please help with this practice quiz.
Soya company started business on January 1. Soya paid the landlord $6,000 for 6 months of rent from January 1 st to June 30 th. What is the balance in the prepaid rent account on January 31st? $4,000$1,000$5,000 None of the answer choices $6,000 Question 12 (1 point) A company has accrued income taxes for the month for $15,000 None of the answer choices Debit cash $15,000 and credit income tax expense $15,000 Debit income tax expense $15,000 and credit income tax payable $15,000 Debit income tax payable $15,000 and credit income tax expense $15,000 Debit income tax expense $15,000 and credit cash $15,000 On March 1st Harry Landscaping services provided $2,500 of landscaping services to LoneStar College Kingwood (LSC-Kingwood). Harry received full payment from LSC Kingwood on March 15th for the landscaping services. What is the journal entry for Harry Landscaping on March 1st. Debit cash $2,500 and credit service revenue $2,500 Debit service revenue $2,500 and credit accounts receivable $2,500 Debit service revenue $2,500 and credit cash $2,500 Debit accounts receivable $2,500 and credit service revenue $2,500 None of the answer choices Question 14 (1 point) On January 1st, Sam accounting firm collected $10,000 from Sally for work to be performed in the future. On January 31st, the accounting firm completed 60% of Sally's work. Assuming the beginning balance in the unearned revenue account was $0, what is the balance in unearned revenue on January 31 st after the transaction on January 1st and January 31st? $4,000$8,000$6,000 None of the answer choices $10,000 ABC purchased $1,000 in supplies on January 1. On January 31 , there was $400 of supplies still unused. What is the journal entry on January 1? Debit supplies expense $600 and credit Supplies $600 Debit cash $1,000 and credit supplies $1,000 Debit supplies $1,000 and credit cash $1,000 None of the answer choices Debit supplies expense $400 and credit Supplies $400Step by Step Solution
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