Business, 14.04.2020 20:56, Lscifa

Janno Enterprises prepaid four months of office rent totaling $9,000 on October 1, 2019. The rent period begins on October 1. Assuming Janno records deferred expenses using the alternative treatment, what would be the adjusting entry recorded on December 31, 2019? Select one: A. No entry is needed since Rent Expense was recorded on October 1, 2019. B. Debit Prepaid Rent and credit Rent Expense for $27,000.00. C. Debit Prepaid Rent and credit Rent Expense for $2,250.00. D. Debit Rent Expense and credit Prepaid Rent for $6,750.00.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:20, salvadorperez26

You wish to buy a cabin in 15 years. today, the cabin costs $150,000. you believe the price of the cabin will inflate at 4% annually. you want to invest a single amount of money (lump sum) today and have the money grow to equal the future purchase price of the cabin 15 years from now. if you can earn 10% annually on your investments, how much do you need to invest now, in order to be able to purchase the cabin?

Answers: 3

continue

Business, 22.06.2019 10:10, travisvb

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):

Answers: 1

continue

Business, 22.06.2019 17:30, gabedafame26

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?

Answers: 2

continue

Business, 23.06.2019 03:30, nae878

What does the term "smalling up" mean, according to white? what ways have you or people you know had to "small up"? if you haven't, what ways could you?

Answers: 2

continue

Do you know the correct answer?

Janno Enterprises prepaid four months of office rent totaling $9,000 on October 1, 2019. The rent pe...