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Old MathJax webview please provide a solution 6. The account of Review Company made the following adjusting entry on December 31. Prepaid Rent P11,000 Rent
Old MathJax webview
please provide a solution
6. The account of Review Company made the following adjusting entry on December 31. Prepaid Rent P11,000 Rent Expense P1,800 If annual rent is paid in advance every October 1, the original transaction entry made was a. Debit Prepaid Rent and credit Cash, P1,800 b. Debit Rent expense and credit Cash, P1,800 c. Debit Rent expense and credit Cash, P2,400 d. Debit rent expense and credit Cash, P7,200 7. The accountant of Mutya Company made the following adjusting entry on December 31. Rent Income P 900 Unearned rent income P 900 If annual rent is received in advance every March 1. The original transaction entry made was a. Debit Cash and credit unearned Rent income, P900 b. Debit Cash and credit Rent Income,P1,080 C. Debit Cash and credit Rent Income, P5,400 d. Debit Rent Income and credit Cash, P5,400 6. The account of Review Company made the following adjusting entry on December 31. Prepaid Rent P11,000 Rent Expense P1,800 If annual rent is paid in advance every October 1, the original transaction entry made was a. Debit Prepaid Rent and credit Cash, P1,800 b. Debit Rent expense and credit Cash, P1,800 c. Debit Rent expense and credit Cash, P2,400 d. Debit rent expense and credit Cash, P7,200 7. The accountant of Mutya Company made the following adjusting entry on December 31. Rent Income P 900 Unearned rent income P 900 If annual rent is received in advance every March 1. The original transaction entry made was a. Debit Cash and credit unearned Rent income, P900 b. Debit Cash and credit Rent Income,P1,080 C. Debit Cash and credit Rent Income, P5,400 d. Debit Rent Income and credit Cash, P5,400Step by Step Solution
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