On September 1, 2016, Joy, Inc. paid $8,000 in advance for an eight-month rental space covering the period of September, 2016 through April 2017. The deferred expense was initially recorded as an asset. Joy, Inc
makes adjusting entries once a year at year-end. The adjusting entry on December 31, 2016 would include a ________.
A) debit of $8,000 to Cash
B) credit of $8,000 to Prepaid Rent
C) debit of $4,000 to Rent Expense
D) credit of $4,000 to Rent Expense
C .Prepaid Rent on December 31, 2014 = $8,000 x 4/8 = $4,000
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_____ are total losses of electrical power.
Fill in the blank(s) with the appropriate word(s).
Product costing systems in use over the last 40 years
a. concentrated on using multiple cost pools and cost drivers. b. were often technologically incapable of handling activity-based costing information. c. have generally been responsive to changes in the manufacturing environment. d. have been appropriate for managerial decision purposes as long as they met the requirements of generally accepted accounting principles.
What is addenda? Explain the components of addenda
In the pyramid of corporate social responsibility, ________ responsibilities are the foundational building block.
A. economic B. philanthropic C. ethical D. legal