# accounting

if you paid rent, what is debited & credited?

1. 👍
2. 👎
3. 👁
1. Thank you for using the Jiskha Homework Help Forum. Sorry, but your question is not absolutely clear. It would be a debit to the person who paid it but a credit for the person who received it.

1. 👍
2. 👎

## Similar Questions

1. ### BASIC ACCOUNTING

paid two months rent deposit and one month advance, P40,500

2. ### Principles of Accounting

E2-2 Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested \$10,000 cash in the business in exchange for common stock. 3 Purchased used car for \$4,000

3. ### math

Trent earned \$28,500 last year. He paid \$8,265 for rent. What percent of his earnings did Trent pay for rent

For questions 3 and 4, you will be answering by filling in the blank. Please be aware that your answer must include any commas or decimals in their proper places in order to be correct. The dollar signs have been provided. For

1. ### Algebra

John and two friends rent a canoe at a park. Each person must rent a life jacket. If the bill for the rental of the canoe and life jackets is \$41, for how many hours did they rent the canoe? tell me the answer and how you got it

2. ### Stats

You want to rent an unfurnished one-bedroom apartment in Boston next year. The mean monthly rent for a random sample of 14 apartments advertised in the local newspaper is \$1200. Assume that the standard deviation is \$230. Find a

3. ### Calculus

The manager of a 100 unit apartment complex knows from experience that all units will be occupied if the rent is \$500 per month. A market survey suggests that, on average, one additional unit will remain vacant for each \$10

4. ### English

1. An apartment is advertised as being furnished. What does this mean? a. The first month’s rent must be paid in advance b. It is equipped with articles c. It has just been repainted d. The utility bills are included in the

1. ### Math

Rentals, two college friends rent a apartment they have to pay the landlord two months rent and a \$500 security deposit when they sign the lease the total amount they pay the landlord is \$2800 what is the rent for one month Help

2. ### financial accounting

Q2. ABC Ltd. completed the following transactions during April 2018, it’s first month of operation. Apr. 1 Received \$20,000 and issued common shares. Apr. 2 Purchased \$500 office supplies on account. Apr. 8 Paid \$10,000 cash for

3. ### Accounting

Given the following information, calculate, in order, the amount credited and the outstanding balance. Invoice: \$1,000 Terms: 3/10, n/30 Invoice date: May 5 Payment amount: \$800 Date paid: May 9

4. ### Accounting

On January 1, 2009, Sweetwater Furniture Company leased office space under a 21-year operating lease agreement. The contract calls for annual rent payments on December 31 of each year. The payments are \$11,000 the first year and