On october 1 goodwell company rented
Web23 de out. de 2024 · Click here 👆 to get an answer to your question ️ On october 1, goodwell company rented warehouse space to a tenant for $2,500 per month. ... Unearned amount at October 1=(2500×5)=12500. Earned amount for December 31(October, November and December)=3 months. WebOn October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31.
On october 1 goodwell company rented
Did you know?
WebOn October 1, Goodwell Company rented warehouse space to a tenant for $3,400 per month and received $17,000 for five months’ rent in advance on that date. The collection … Web18 - 31 Multiple Choice On October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' rent in advance on that date. The collection was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The Unearned Rent account balance at the …
WebOn October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month. The tenant paid five months' rent in advance on that date, with the lease … WebOn October 1, Goodwell Company rented warehouse space to a tenant for $4,000 per month. The tenant paid five months' rent in advance on that date, with the lease …
WebOn October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' rent in advance on that date. The collection was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. Web12 de mai. de 2024 · On October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month. The tenant paid five months' rent in advance on that date, …
Web31 de out. de 2024 · 1. Ralph Pine Consulting received its telephone bill in the amount of $490, and immediately paid it. Pine's general journal entry to record this transaction will include a: 2. Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $69,000 for 6-months services in advance. Golddigger …
Web17 de abr. de 2024 · On October 1, Goodwell Company rented warehouse space to a tenant for $3,400 per month. ... The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is: A. $3,400. B. $6,800. C. $10,200. D. $13,600. E. … flight training scholarships 2021WebOn October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on … greatech prospectusWeb1 de out. de 2011 · On October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The compan; In December 2007, the company neglected to accrue a $1,000 … greatech profileWeb31 de jul. de 2016 · Steps 1 to 3 may occur daily during the accounting period, as explained in Chapter 3. Steps 4 to 7 are done on a. periodic basis, such as monthly, quarterly, or annually. Steps 8 and 9, closing entries and a post-closing trial. balance, are usually prepared only at the end of a company's annual accounting period. greatech phils. incWebOn October 1, Goodwell Company rented warehouse space to a tenant for $3,900 per month. On October 1, Goodwell Company rented warehouse space to a tenant for $3,900 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. flight training school for saleWebOn October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months’ rent in advance on that date. ... On January 1, Imlay Company purchases manufacturing equipment costing $95,000 that is expected to have a five-year life and an estimated salvage value of $5,000. greatech share holdersWebOn October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' rent in advance on that date. The collection … greatech revenue