What is the accounting entries made

Assignment Help Financial Accounting
Reference no: EM13862324

What is the accounting entries made if a company pays $1,000 monthly rent in cash?

a. Cash -$10000; Rent expense +$10000

b. Cash -$1000; Rent expense +$1000

c. Cash +$1000; Rent expense -$1000

d. Accounts payable -$1000; Rent expense -$1000

Reference no: EM13862324

Questions Cloud

Compare growth of revenues versus income over time : Compare growth of revenues versus income over time and between the two companies
Statement of partnership liquidation : On October 1, 2014, the firm of Sams, Price, and Ladd decided to liquidate their partnership. The partners have capital balances of $49,000, $69,000, and $11,000, respectively. All of the noncash assets are sold for $200,000 in cash, the creditors ar..
Market value on the balance sheet date : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
What is the accounting entries made : What is the accounting entries made if a company pays $1,000 monthly rent in cash?
Analyze the change that was implemented by daniel oliveira : Read the article titled "The Perils and Pitfalls of Leading Change". Next, analyze the change that was implemented by Daniel Oliveira. Synthesize the change based on Kotter's eight (8) steps for leading change
Preferred dividends-options and convertible debt : “Earnings per share” (EPS) is the most featured, single financial statistic about modern corporations. Daily published quotations of stock prices have recently been expanded to include for many securities a “times earnings” figure that is based on EP..
Employers accounting for postemployment benefits : Which of the following is not a post-employment benefit, according to FASB ASC Topic 712, “Employers’ Accounting for Postemployment Benefits”?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the chmelar manufacturing cost

Evaluate the Chmelar Manufacturing  cost -  How much are total manufacturing costs for the period?

  What is accumulated depreciation of pp and e

What is Accumulated depreciation of PP&E sold Cost of PP&E sold Cost of PP&E purchased

  Determination of earnings quality and persistence important

Earnings are extremely important to a publicly traded company and the creditors and investors of that company. However, looking at earnings without regard to the quality of those earnings is hazardous to the health of creditors and investors. Why is ..

  Determine the optimal sales mix

Santana Rey has found that her line of computer desks and chairs has become very popular and she is finding it hard to keep up with demand.

  Prepare an adjusting entry to record the year end fair value

Prepare an adjusting entry, if necessary, to record the year-end fair values adjusting for the portfolio of short-term investment in available –for-sale securities.

  Prepare a system flowchart of the company payroll process

he processing run results in a payroll register, employee paychecks and earning statements, and an error summary report, all on magnetic tape. Prepare a system flowchart of the company’s payroll process.

  Abc company stock has a required return of 12 and the stock

abc company stock has a required return of 12 and the stock sells for 40 per share. the firm just paid a dividend of

  Evaluate the net present value of the investment in the

evaluate the net present value of the investment in the machine.the management of kunkel company is considering the

  What was the beginning balance

What was the beginning balance and evaluate amount of overhead assigned to Job 3 during 2007

  What is an outstanding check

How does one calculate "Days sales uncollected ratio"? What is an "Outstanding check"? When would we Dr. the Petty Cash account? When would we Cr. the Petty Cash Account?

  Balance sheet as cash and cash equvalents

As of December 31, Valley Co. has $16,920 cash in its checking account as well as the following: What should be shown on the December 31, 2015 balance sheet as "cash and cash equvalents"?

  Evaluate the accounting strategy employed by management

Evaluate the accounting strategy employed by management in respect of each key accounting policy and suggest/identify possible incentives behind the choice of strategy.

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