On March 1, 2019, the company paid $6,000 rent in advance for a 12-month period. On December 31, 2019, the company's adjustment for expired rent would include:
A. a $1,000 debit to Rent Expense; a $1,000 credit to Prepaid Rent.
B. a $5,000 debit to Rent Expense; a $5,000 credit to Prepaid Rent.
C. a $5,000 debit to Prepaid Rent; a $5,000 credit to Rent Expense.
D. a $6,000 debit to Prepaid Rent; a $6,000 credit to Rent Expense.
Answer: B
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The document that specifies how much the owners will invest, what their salaries will be, and how profits will be shared in a partnership is known as a_______________
Fill in the blank(s) with correct word
Which of the following actions is not a potential fraud scheme related to long-lived assets?
a. Impairment losses on long-lived assets are not recognized. b. Costs that should have been expenses are improperly capitalized. c. Amortization of intangible assets is miscalculated. d. All the above are potential fraud schemes.
The ________ for a guest paying for a night's stay at a hotel is the use of a bed, bathroom, towels, dresser, light, and closet
A) actual product B) core product C) value-deliverable product D) customized benefit E) augmented product
What does effective positioning involve?
What will be an ideal response?