Reference no: EM132482293
Question 1. Lopez Company received $6,400 on July 1, 2017 for four years' rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2017 adjusting entry is:
Select one:
a. Debit Rent Revenue and credit Unearned Rent, $800
b. Debit Rent Revenue and credit Unearned Rent, $5,600
c. Debit Unearned Rent and credit Rent Revenue, $5,600
d. Debit Unearned Rent and credit Rent Revenue, $6,400
e. Debit Unearned Rent and credit Rent Revenue, $800
Question 2. The accounts to be credited in the closing entries at year-end include:
Select one:
a. Depreciation Expense, Purchases, Freight-In
b. Freight-Out, Purchase Returns, Purchases
c. Purchase Returns, Purchase Discounts, Interest Revenue
d. Prepaid Expense, Depreciation Expense, Freight-Out
e. Depreciation Expense, Purchases, Sales Revenue
|
What area of health care does the agency work
: what area of health care does the agency work in, what are their primary aims and what is its brief history? Who accredits the accreditors
|
|
How much did pay in dividends
: If net income was 150,000, how much did pay in dividends? Beg: Assets 560,000 RE 100,000 C. Stock 50,000 End: Assets 630,000 RE 110,000 C. Stock 50,000
|
|
Explain how the knowledge and skills gained
: Review of the program outcomes, explain how the knowledge and skills gained from this program can apply to contemporary life
|
|
Examine different type of liabilities in balance sheet
: Examine different types of liabilities shown in the balance sheet of your selected companies? Identify which ones of the liabilities are interest bearing
|
|
Prepare what the december adjusting entry is
: Lopez Company received $6,400 on July 1, 2017 for four years' rent in advance and recorded the transaction with a credit to Rent Revenue.
|
|
Research paper theory of international relations
: Research paper Theory of International Relations - Prepare a short research paper where you analyze one of the various countries where Marxist theory was put
|
|
Examine the evolution of the sources of fund used by company
: Examine the evolution of the sources of fund used by the company over the last three financial years with specific focus on the changes of different sources
|
|
What effect on working capital and the working capital ratio
: The combined effect of these two transactions will cause what effect on Working Capital and the Working Capital Ratio, respectively?
|
|
Identify the percentage of the fund
: Identify the percentage of the fund that is internally generated and the percentage of the fund that is externally generated for each selected company
|