q1

a.....Action Real Estate received a check for $48,000 on July 1 which represents a 12 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $24,000. Financial statements will be prepared on July 31. Action Real Estate should make the following adjusting entry on July 31

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b...6.Stans Market recorded the following events involving a recent purchase of merchandise: Received goods for $30,000 on first of January, terms 3/10, n/30. Returned $600 of the shipment for credit. Paid $150 freight on the shipment. The amount due that must be paid if Stan's Market paid within the discount period is. (Show calculations