Home /
Expert Answers /
Accounting /
record-adjusting-journal-entries-for-each-separate-case-below-for-year-ended-december-31-assume-no-pa914
(Solved): Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...
Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the year. 0. Uneorned Rent Revenue. The Krug Company collected $12.000 rent in advance on November 1, debating Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Uneorned Services Revenue. The company charges $125 per insect treatment. A customer paid $500 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customet. c. Unearned Rent Revenue. On September 1, a client paid the company $36,000 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Uneamed Rent Revenue. Journal entry worksheet 23 The Krug Company collected $12,000 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue, The tenant was paying 12 months' rent in advance and occupancy began November 1. Noter Enter debits before credits.
Journal entry worksheet The Krug Company collected $12,000 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. Note: Enter debits before credits.
Journal entry worksheet The company charges $125 per insect treatment. A customer paid $500 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer. Note: Enter debits before credits.
Journal entry worksheet On September 1 , a client paid the company $36,000 cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue. Note: Enter debits before credits.
Preparing journal entries for each of the following for the year ended December 31.a. Calculation: Collected rent in advance on November 1 for 12 months =$12,000As per given information, year ended at December 31So,Rent revenue for 2 months (From Novem...