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Which of the following would not result in unearned revenue? Select one: O 0 a. Rent collected in advance from tenants b. Sale of season
Which of the following would not result in unearned revenue? Select one: O 0 a. Rent collected in advance from tenants b. Sale of season tickets to football games c. Sale of two-year magazine subscriptions d. Services performed on account A company shows a balance in Salaries and Wages Payable of $34,000 at the end of the month. The next payroll amounting to $50,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries? Select one: a. Salaries and Wages Expense..... Cash......... 16,000 16,000 b. Salaries and Wages Expense.... Salaries and Wages Payable... 50,000 50,000 c. Salaries and Wages Expense.. Cash............. 50,000 50,000 O d. Salaries and Wages Expense.... Salaries and Wages Payable... Cash.......... 16,000 34,000 50,000
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