User Account

All Pages

Pappy corporation received cash of 13500 on september 1

Assignment Help Accounting Basics
Reference no: EM13606373

Pappy Corporation received cash of $13,500 on September 1, 2010 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent. The December 31, 2010 adjusting entry is

a. debit Rent Revenue and credit Unearned Rent, $4,500.

b. debit Rent Revenue and credit Unearned Rent, $9,000.

c. debit Unearned Rent and credit Rent Revenue, $4,500.

d. debit Cash and credit Unearned Rent, $9,000.

Reference no: EM13606373

Questions Cloud

Determine the minimum power input needed to drive this : an escalator in a shopping center is designed to move 33 people 78 kg each at a constant speed of 1.1 ms at 45 degree
Account for warranties key company offers a three-year : account for warranties. key company offers a three-year warranty on its premium door locks. during the year the company
Approximately what frequency of sound is needed to produce : ultrasound is used to view the interior of the body much as x rays are utilized. for sharp imagery the wavelength of
Some accountants have advocated that a companys human : some accountants have advocated that a companys human assets be measured and included directly in the financial
Pappy corporation received cash of 13500 on september 1 : pappy corporation received cash of 13500 on september 1 2010 for one years rent in advance and recorded the transaction
The response amplitude of the table is no larger than 1 : a table has a mass of 500 kg. the floor is known to have a vibration amplitude of 1 micro-meter at a frequency of 200
Julie throws a ball to her friend sarah the ball leaves : julie throws a ball to her friend sarah. the ball leaves julies hand a distance 1.5 meters above the ground with an
At december 31 2011 the fair value of the ritter inc bonds : at december 31 2011 the fair value of the ritter inc. bonds was 530000. what should landis co. report as other
Plot the magnitude of the transmitted force as a function : the 500 lbf motor is supported on springs with a total stiffness of 5000 lbfin. the springs have a damping ratio of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Powerdyne companys cost of goods sold is consistently 60

powerdyne companys cost of goods sold is consistently 60 of sales.nbspnbspthe company plans to carry ending

  M cornett is a corporation that sells breakfast cereal

m. cornett is a corporation that sells breakfast cereal. based on the accounts listed below what are m. cornettrsquos

  A a 1000 bond has a 75 percent coupon and matures after 10

a. a 1000 bond has a 7.5 percent coupon and matures after 10 years. if current interest rates are 10 percent what

  Amount of charitable deduction

During 2010, Highlander Corp., had the following income and expenses: What is the amount of Highlander's Corp. charitable deduction for 2010?

  Adria lopez created success systems on october 1 2013 the

adria lopez created success systems on october 1 2013. the company has been successful and its list of customers has

  Record for the asset received

Glen Inc. and Armstrong Co. have an exchange with no commercial substance. The asset given up by Glen Inc. has a book value of $12,000 and a fair market value of $15,000. The asset given up by Armstrong Co. has a book value of $20,000 and a fair m..

  During 2012 kimmel co incurred average accumulated

during 2012 kimmel co. incurred average accumulated expenditures of 600000 during construction of assets that qualified

  Journalize the entry to record the accrual of payroll taxes

Calculate the employer's payroll taxes, using the following rates: state unemployment and journalize the entry to record the accrual of payroll taxes.

  Determining tax consequences and alternatives

How much gain is recognized by Nathan? What is the character of the gain? What are the tax consequences and alternatives to Michelle? Is there a difference if Ben sold his entire interest?

  Katelyn a 33-year-old doctor not a key employee is provided

1 which of the following is taxable?a. refunds of state income tax claimed in the prior year as an itemized deductionb.

  Transactions in the divorce agreement

In 2010, he made six payments. How do the transactions in the divorce agreement affect Arnold's and Barbara's taxable income?

  Martha has a net capital loss of 20000 and other ordinary

martha has a net capital loss of 20000 and other ordinary taxable income of 45000 for the current tax year. what is

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd