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Unearned revenues rent. On December 1, 2013, an advance rent payment of $12,900, representing a three month prepayment for the months of December, January, and February, was received in cash from the company's tenant.Required:Use the horizontal model (or write the journal entries) to record the effects of the following items:a. The three months of rent collected in advance on December 1, 2013.b. The adjustment that will be made at the end of each month to show the amount of rent "earned" during the month.
1. adam borrows 4500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the
on december 1 2011 umd company purchased 15000 of equipment by issuing a 120-day 10 note payable to bank of maryland.
1) Discuss how level of activity is measured in manufacturing, merchandising, and service firms.
on january 1 2012 fishbone corporation sold a building that cost 272200 and that had accumulated depreciation of 102100
discuss the positive and negative results of affirmative action legislation. given this do you think that affirmative
lampshire inc. is considering using stocks of an old raw material in a special project. the special project would
If depreciation expense is $20,000 and the beginning and ending accumulated depreciation balances are $100,000 and $110,000, respectively, how much cash was paid for depreciation?
Kelli Rice, president of LR Industries, wishes to issue a press release to bolster her company's image and maybe even its stock price, which has been gradually falling. As controller, you have been asked to provide a list of 20 financial ratios an..
You will be asked to select a company that is publically traded. You must research and secure the SEC 10-K Annual Report for the most recent year. This is often available at the company web site. Look for "Investor Information" or "Company Informa..
on september 20 20x1 ott purchased bonds issued by buy-a-lot company with an amortized cost of 100 and a fair value of
Describe at least two career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.
cherokee company acquired a machine on january 1 2006 that cost 2700 and had an estimated residual value of 200.
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