The adjustment for unearned rent revenue is recorded when:
A) cash is received.
B) rent is earned.
C) revenue is received.
D) closing entries are prepared.
Correct Answer:
Verified
Q23: The normal balance of Rental Income is:
A)
Q30: Mortgage Payable is what type of account?
A)Asset
B)Liability
C)Expense
D)Contra-asset
Q30: The goods a company has available to
Q32: Accumulated Depreciation - Buildings should be shown
Q33: The adjustment for supplies used would be
Q34: The adjustment for accrued wages was NOT
Q36: As supplies are used,they become:
A)inventory.
B)a liability.
C)an expense.
D)a
Q39: The adjustment for salaries is necessary:
A) because
Q39: An account never used in an adjusting
Q40: As the Unearned Rent Revenue is earned:
A)the
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