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Condo Rental, Inc

Question 14

Multiple Choice

Condo Rental, Inc. received $14,400 from a tenant on December 1 for three months' rent of an apartment. This rent was for December, January, and February.
If Condo Rental debited Cash and credited Unearned Rental Income for $14,400 on December 1, what necessary adjustment would be made on December 31?


A) Condo Rental, Inc. received $14,400 from a tenant on December 1 for three months' rent of an apartment. This rent was for December, January, and February. If Condo Rental debited Cash and credited Unearned Rental Income for $14,400 on December 1, what necessary adjustment would be made on December 31? A) B) C) D)
B) Condo Rental, Inc. received $14,400 from a tenant on December 1 for three months' rent of an apartment. This rent was for December, January, and February. If Condo Rental debited Cash and credited Unearned Rental Income for $14,400 on December 1, what necessary adjustment would be made on December 31? A) B) C) D)
C) Condo Rental, Inc. received $14,400 from a tenant on December 1 for three months' rent of an apartment. This rent was for December, January, and February. If Condo Rental debited Cash and credited Unearned Rental Income for $14,400 on December 1, what necessary adjustment would be made on December 31? A) B) C) D)
D) Condo Rental, Inc. received $14,400 from a tenant on December 1 for three months' rent of an apartment. This rent was for December, January, and February. If Condo Rental debited Cash and credited Unearned Rental Income for $14,400 on December 1, what necessary adjustment would be made on December 31? A) B) C) D)

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