Saturday
April 18, 2015

Homework Help: accounting

Posted by Anonymous on Wednesday, October 14, 2009 at 9:33pm.

Garcia Corporation received cash of $18,000 on August 1, 2010 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2010 adjusting entry is
a. debit Rent Revenue and credit Unearned Rent, $7,500.
b. debit Rent Revenue and credit Unearned Rent, $10,500.
c. debit Unearned Rent and credit Rent Revenue, $7,500.
d. debit Cash and credit Unearned Rent, $10,500.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - please check my answers - Dogwood florist opened a business January...
Accounting - Accounting 1 Help! 1. An accountant records a transaction when ...
college- accounting - We just starting the chapters in accounting in school. We ...
accounting - prepare journal entry and adjusting journal entry on these ...
accounting and finance - unadjusted trail balance(December 31,2008)(Bed Bugs R ...
Accounting - The following information was made available from the income ...
accounting and finance - unadjusted trail balance(December 31,2008)(Bed Bugs R ...
accounting - The following information was made available from the income ...
accounting - Worthington Company issued $1,000,000 face value , six-year, 10% ...
(basic)accounting help plz! - June 1: Rented office space and paid three months...

Members