blahblahyblah1501 blahblahyblah1501
  • 03-08-2017
  • Business
contestada

The balance in the prepaid rent account before adjustment at the end of the year is $21,000, which represents three months’ rent paid on december 1. the adjusting entry required on december 31 is to

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-08-2017
Rent for December is
21000/3months= 7000

The adjusting entry is
Debt to rent expenses 7000
Credit to prepaid rent 7000
Answer Link

Otras preguntas

how to find the volume of a rectangular prism
does a plant grow faster in light or dark
what are the possible values of ml for an electron in a d orbital?
what is the function of the pancreas
What is the term that refers to Adolf Hitler's plan to exterminate all of the jews
The Centennial Exhibition was meant to show off America as an industrial power to the rest of the world. a. True b. False
what are two differences you see when comparing the four chambers of the heart? relate these differences to the function of each chamber.
what are the stations of the cross
a lump of putty and a rubber ball have equal mass. both are thrown with equal speed against a wall. the putty sticks to the wall. the ball bounces back at nearl
what is the first day of lent called