On December 1, 2018, Shamrock Company received $5,700 from Destiny, Inc. for rent of an office owned by Shamrock Company. The payment covers the period from December 1, 2018 through February 28, 2019. Shamrock Company recorded this as Deferred Rent Revenue when it was received on December 1. The adjusting entry on December 31 would include a:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On December 1, 2018, Shamrock Company received $5,700 from Destiny, Inc. for rent of an office owned by Shamrock Company. The payment ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How can division of labor and specialization increase productivity?
Answers (1)
On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 24,000, $1 par, common shares. The market price of Sandals common stock is $29 on June 30.
Answers (1)
As the level of activity increases, how will a mixed cost in total and per unit behave? In Total Per Unit A) Increase Decrease B) Increase Increase C) Increase No effect D) Decrease Increase E) Decrease No effect
Answers (1)
Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (cpi). last year she earned $40,000 and the cpi was 100. if the cpi this year is 110, her new salary is:
Answers (1)
Saylind Molding paid $280,000 in rent for the year. The company's three departments are Headrests, Armrests, and Floor Mats. The accountant has identified two possible cost drivers.
Answers (1)
New Questions in Business
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for the shop are $30,000 a year. Depreciation on the repair tools will be $10,000.
Answers (1)
Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September.
Answers (1)
What is the alternate name for income tax return form1040?
Answers (1)