Question
On December 15, 2020, A Company made the following correct journal entry: Cash ................................................................24,000 Unearned Rent Revenue ............................... 24,000 What transaction was the journal entry
On December 15, 2020, A Company made the following correct journal entry:
Cash ................................................................24,000 Unearned Rent Revenue ............................... 24,000
What transaction was the journal entry recording?
Select one:
a. $24,000 rent payment received by "A" from a tenant for the month of December 2020
b. $24,000 payment by "A" to rent an office space starting January 2021
c. $24,000 cash received by "A" from a tenant for rent beginning in January 2021
d. $24,000 of cash received by "A" from a tenant for rent owing from the year
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Advances In International Accounting Volume 20
Authors: J. Timothy Sale
1st Edition
0762313994, 9780762313990
