What are the missing journal entries

Assignment Help Accounting Basics
Reference no: EM132630074

Question - Unearned rent revenue balance as of January 1, 2019 is 5,300,000, while on December 31, 2019 is 8,000,000. The record indicates cash received for rent revenue in 2019 amounted to 40,000,000, all of which were credited to the account unearned rent revenue. What are the missing journal entries?

Reference no: EM132630074

Questions Cloud

Article on ibm relations with germany : Read the following article on IBM's relations with Germany and answer the two questions (article also available in the Moodle site under Readings and Library Re
What steps of the accounting cycle are the most critical : Review several of your peers' posts and identify what steps of the accounting cycle that you feel are the most critical. Respond to at least two of your peers.
What are the different classifications of accounts : What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts?
Forecast sales for september-paradise foods inc : Paradise Foods Inc. sells canned fish. Monthly sales for a 7-month period are as follows:
What are the missing journal entries : Unearned rent revenue balance as of January 1, 2019 is 5,300,000, while on December 31, 2019 is 8,000,000. What are the missing journal entries
Formulate the lp of finding the maximum production output : Formulate the LP of finding the maximum production output from the machines given that an assembly consists of two frames, a shaft and three ball bearings.
What is the rationale for the calculations : Consider what you have learned relative to ethics and financial reporting. What is the rationale for the calculations/process
How should quality improvement be measured : Who should participate in the Academy and how should they encourage or require participation?
Prepare Income and Expenditure Account : Cash in hand Rs.5,000/-, Cash at bank Rs.50,000/-, Ground rent Rs.40,000/-, Entrance fees Rs.10,000/-, Prepare Income and Expenditure Account

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss several weaknesses in internal control over

discuss several weaknesses in internal control over information and data flows and the procedures for processing

  Prepare red fishs journal entry when cash is received

Red Fish Corporation shipped $20,000 of merchandise on consignment to Blue Fish Corporation. Prepare Red Fishs journal entry when cash is received

  What is possible cause of action available to the auditor

Review problem C. 16-9: Balancing the Budget the Easy Way: The Government and Not-for-Profit Accounting: Concepts and Practices

  Result of the transaction problem

Carol continued to serve as president of Teal Corporation after the redemption. As a result of this transaction, which of the following is correct?

  Ksu corporation has a retained earnings balance

KSU Corporation has a retained earnings balance of $210,000 on January 1. During the year, a prior period adjustment of $50,000 is recorded because of the understatement of depreciation in the prior period.

  In a lawsuit against the auditor under the securities

in a lawsuit against the auditor under the securities exchange act of 1934 the investors proved that the auditor

  Compare the quality of information and reliability

Find and visit the sites of two basic discount brokerages listed in Table or any others you know. After exploring the sites, compare them for ease of use.

  Determine the federal income tax consequences

Determine the Federal income tax consequences to Wellness if it does not make the § 501(h) lobbying election

  An auditor must not only appear to be independent but must

an auditor must not only appear to be independent but must also be independent in fact. research the concept of

  Konerko company sells two types of computer chips the sales

konerko company sells two types of computer chips. the sales mix is 30 q-chip and 70 q-chip plus. q-chip has variable

  Calculate the purchase price of the machine

Gage Company's required rate of return is 14%. If the net present value of this investment is $12,016, calculate the purchase price of the machine

  Von october 29 2010 lue co began operations by purchasing

von october 29 2010 lue co. began operations by purchasing razors for resale. lue uses the perpetual inventory method.

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!

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