Blossom Company received a check for $28320 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $28320. Financial statements will be prepared on July 31. Blossom's should make the following adjusting entry on July 31:
A. debit Cash, $28320; credit Rent Revenue, $28320.
B. debit Rent Revenue, $4720; credit Unearned Rent Revenue, $4720.
C. debit Unearned Rent Revenue, $28320; credit Rent Revenue, $28320.
D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.

Answers

Answer 1

Answer:

D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.

Explanation:

When the Cash was received for 6 month`s Rent the entry was :

Debit : Cash  $28320

Credit : Unearned Rent Revenue $28320

At 31 July when 1 month`s rent expires the entry will be :

Debit : Unearned Rent Revenue (1/6 x $28,320) $4,720

Credit : Rent Revenue $4,720

thus

We reverse the liability - Unearned Rent Revenue and recognize Revenue for the month expired.


Related Questions

Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.

Answers

Answer:

human

Explanation:

Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level

So as per the given situation it is a human skills

effects of internal migration to the labour force​

Answers

Answer:

Internal migration is the permanent displacement of certain groups of people within the same country, that is, from one region to another of the same nation. These displacements usually occur for economic reasons (that is, not for humanitarian issues, such as wars or major crises, since in those cases migration generally occurs abroad), such as work or personal relocations, such as life choices.

This type of migration tends to occur from rural areas to urban areas, and in general the labor force in cities increases, while that of rural areas decreases.

To move toward a personal vision, what smaller steps should you take?
A. Set smaller, more specific goals.
B. Participate in many internships.
C. Change your lifestyle.
D. Switch your personal vision frequently.

Answers

Answer:

D

Explanation:

The answer is D I think

The average mututal fund includes 90-200 companies.
O True
O False

Answers

I’m pretty sure it is true

Answer:

I think it will be false

The time value of money simply means that the value of cash flows depends on when it happens.
True
False

Answers

False only the IRS uses time value of money

In order to send out emails to potential customers, you will need:
a target market
b the available market
c a customer database
d a viral market

Answers

Answer:

I think the answer is C.

Explanation:

I dont know

Which non-income factor for a potential job would influence a person who needs to be
available to drive children to and from school and activities?
O Working hours
O Location
O Independence
O Personal satisfaction

Answers

Answer:

The non-income factor for a potential job which would influence a person who needs to be  available to drive children to and from school and activities is:

O Independence.

Explanation:

Independence, obtained through as a self-employed person or as an independent contractor, enables the worker to be available to drive her children to and from school and their various school-related activities.  The working hours of a self-employed person or an independent contractor are largely self-determined.  She can also choose appropriate location for her business office.

It should be noted that the non-income factor that can influence potential job which will in turn influence a person who needs to be available to drive children to and from school and activities is Independence.

Non-income factors can be regarded as factors that has influence on individual careers as well as the lifestyle.

Therefore, for individuals that want to be drive children to and from school and activities everyday, needs independence.

We can conclude that he needs independence because he will have enough time to cater for those children.

Learn more about potential job at:

https://brainly.com/question/12474722

true or false:
One of the most important jobs of a national political committee is to raise money for candidates running for office.

Answers

False.

nwowoo2k2o2i2msj2dn93xoowso

The answer is
False!
Have a great day

Jose would like to create a soothing mood on his website. He creates some intense color schemes and adds some quiet background music. He asks you to let him know what you think. What do you tell him?​

Answers

Answer: If he wants to create a soothing mood, he needs less intense colors.

You just got a job and plan to spend your earnings on clothes and entertainment. What kind of bank account would be best for you?

Answers

Checking Account is the kind of bank account would be best for you. Hence, option D is correct.

What is Checking Account?

A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.

Regular checking accounts, premium checking accounts, student checking accounts, senior checking accounts, interest-bearing accounts, business checking accounts, and rewards checking accounts are a few of the several types of checking accounts.

The ability to write checks from and access your bank account in a variety of other ways makes a checking account your default daily transaction bank account. You store money in a savings account that you aren't ready to use quite yet, frequently with the intention of building up more.

Thus, option D is correct.

For more information about Checking Account, click here:

https://brainly.com/question/11610905

#SPJ2

The options were missing-

A: Money Market Account

B: Savings Account

C: Certificate of Deposit (CD)

D: Checking Account

John Walters is comparing the cost of credit to the cash price of an item. If John makes an $100 down payment and pays $30 a month for 24 months, how much more will that amount be than the cash price of $655

Answers

And I don’t know if we can go get to church

Customer relationship management is used for all of the following EXECPT
Can anyone help me with this question? Please and thank you.

A. to target highly valued customers.

B. to identify all customers who shop with the company.

C. to develop strong customer relationships.

D. to create offers tailored to specific customers.

Answers

Answer:

The correct answer is B.

Explanation:

hope it help

What job do you want when your older and why?

Most detailed answer gets brainliest, include pictures as well if you want.

Just curious :)

Answers

Answer:

Iv had a good interest in locomotives since I was about 7. There were tracks a few blocks down the road from where I lived, and about 3-8 would pass a day. They passed by so much that I learned which horn went with each train. There were about 5 different trains and I remember one of the engine's numbers to be 2524, which is ironically the last numbers for my phone. This went on till I was 13 when we moved and I had to say goodbye to all of those trains. I even named when, which only made it worse when I moved. They were: Thomas (why not), James, Elif, Mack, and Karen. Karen had the loudest horn, which made sense. Thomas was #2524, James only came on the weekends and was a coal train, Elif had a flame on the front, and Mack had the loudest engine out of them all but hustled quickly. But back to what your asking, I want to be a conductor, or really anything that has to do with trains. I have and always will have a love for them. Plus, you can travel anywhere them tracks take you, and the pay is worth the 6 hours of sleep you get. Not alot but that sums that up :)

WILL MARK BRAINLIEST

Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?

The net income Etiquette Inc. earns is $______.

Answers

Answer:

$115,000

Explanation:

150,000-35,000

Can you outsmart me test? I will give you 20 brainly points!

Answers

Answer:

Yes I can outsmart you :)

Explanation:

i failed on edg course bc of yall

Answers

Not our fault maybe listen in your class

What can be said about the culture of services?
I. Processes are invisible
II. Processes are well defined
III. More scientific
IV. Not well defined or documented

A. I, II, and III only
B. I, II, and IV only
C. II, III, and IV only
D. All of the above

Answers

Answer is b hope this helps

In the service culture, processes are invisible and procedures are not well defined or documented. This culture is focused on customer service, to provide the best experience.

Therefore, processes are invisible, that is, the customer is not able to identify internal processes if they are not useful, but they must perceive the service as a mystery where all their needs are promptly met.

In the service culture, this is also not well defined or documented, so as not to create standardization of the service, but a personalized service that meets the needs of each customer individually.

Therefore, in the service culture, the focus is on offering the best experience for the customer, through the creation of value, excellent service and employees capable of satisfying their needs.

The service culture is capable of generating greater competitiveness, customer loyalty and positioning for a company.

Learn more here:

https://brainly.com/question/15401740

Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?

Answers

Answer:

spend money on bills first then food then save the leftover money for later

Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company's growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?

Answers

Answer: D. use a manufacturing process that is compliant with all state and federal regulations.

Explanation:

The options to the question are:

a. pay less taxes

b. substitute the existing labor power with machines

c. double the output of the manufacturing process by asking workers to work overtime

d. use a manufacturing process that is compliant with all state and federal regulations

e. organize picnics for employees

Since Stephen wants to ensure the welfare of secondary stakeholders, he should use a manufacturing process that is compliant with all state and federal regulations

The secondary stakeholders are the individuals or entities that the company doesn't have direct economic transactions with e.g. the government, environmental groups, media etc.

Therefore, to please the secondary stakeholders, he must abide to the necessary rules and regulations.

Look at the reference article. The New York Times is otherwise considered a credible source, but what would lead you to question the credibility of the information presented in this specific article?

Answers

Answer:

probably if new york times itself stated that the article was false and to ignore the info

A graph has quantity on the x-axis and price (dollars) on the y-axis. A demand line goes through (20, 60), (40, 45), (60, 30). A supply line goes through (20, 15), (30, 30), (40, 45), (60, 75), (70, 90). A store’s supply/demand graph for ceiling fans is shown above. If the price is at the equilibrium point, how much money will the store make selling ceiling fans? a. $4,500 b. $1,800 c. $1,200 d. $900

Answers

Answer:

This answer is B

Explanation:

i used the answer given on here and got it wrong, its B on edge2020

What difficulties may come when the proffession
scelected with out ability and interested 'Mention
any five ​

Answers

Answer:

1. Lack of Vision

2. Lack of Focus

3. Lack of Willpower

4. Trying to Please Everyone

5. Fear

6. The Average Mentality

7. The Pursuit of Perfection

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.
True
False

Answers

Yo, the answer to your question is FALSE

Steve leads the administrative department of Mayo Pvt. Ltd. He encourages people to perform to their maximum potential by providing support and regular feedback. He ensures that the opinions of his team members are considered before a decision is taken. He does not believe in rigidity and inviolate procedures. In the context of the given scenario, Steve holds that:

Answers

Answer: human capital is more important than financial capital.

Explanation:

The options are:

a) wealthy employees should be given more power.

b) people at the bottom of the organizational hierarchy should have no power.

c) human capital is more important than financial capital.

d) tangible assets form the financial basis of today's economy.

Human Capital simply meaesure the education, attributes, skills, and capacity of labour that nfluence production.

In the context of the given scenario, we can infer that Steve holds that human capital is more important than financial capital. This can be seen as he supports his workforce and carry them along in the organization.

The total compensation package that equalizes the purchasing power of an expatriate manager with that of employees in similar positions in the home country and provides incentives to offset the inconvenience incurred in the location is known as the approach

Answers

Answer:

Explanation:The main compensation items for expatriates involve base pay, cost-of-living adjustments, housing allowances, home leave, education assistance for dependents and premium pay.

5. The
of a tax refers to who bears the final
of the tax. Indirect
taxes can be
to others, while direct taxes cannot.

Answers

Answer:

Incidence; burden; shifted.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

Tax incidence can be defined as the manner or an analysis of how the burden of a tax (tax burden) is divided between the producers of goods and services and the consumers. This is to ensure that the burden for the manufacturing of the goods or services falls or rest on both the producer and the consumer of the product.

Generally, the tax incidence of a product is mainly dependent on the price elasticity of demand and supply of the produc

Additionally, indirect taxes can be shifted from one person to another, while direct taxes cannot be shifted at all.

help me plzzz

true or false

1.negotiating styles have been standardized in international markets
2.political risk refers to political decisions, conditions, events or activities in a country business climate​

Answers

Answer:
1.false
2.true

What should you do after attending a college fair?

A. Make a folder for each college.

B. Read the materials once you have decided which college you want
to attend.

C. Throw away everything you received at the fair except the
guidebooks

D. Store all the information you collected in your closet and don't look
at it until you're ready to apply to college.

Answers

Answer:

B and A

Explanation:

both of them are good things to do but B is better.

Hope this helps you :)

In your own words....

What is a non-profit organization? What is an example of one?

Answers

Answer:

An organization that sells products, but doesn't keep the money for themselves.

Explanation:

Jones Company allocates manufacturing overhead based on machine hours. Each chair produced should require 3 machine hours. According to the static budget, the following is expected to incur: 1,200 machine hours per month (400 chairs x 3 hours per chair) $6,000 in variable manufacturing overhead costs $8,400 in fixed manufacturing overhead costs During January, Jones Company actually used 1,100 machine hours to make 410 chairs. The company spent $5,800 in variable manufacturing overhead costs and $8,100 in fixed manufacturing overhead costs. What is the fixed manufacturing overhead allocation rate (to the nearest cent)

Answers

Answer:

the fixed manufacturing overhead allocation rate is $7 per hour

Explanation:

The computation of the fixed manufacturing overhead allocation rate is shown below;

Fixed manufacturing overhead allocation rate is

= Budgeted Fixed overhead  ÷ Budgeted allocation base

= $8,400 ÷ 1,200 budgeted machine hours

= $7.00 per hour

Hence, the fixed manufacturing overhead allocation rate is $7 per hour

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