Since the company is not large enough to occupy the entire

Assignment Help Accounting Basics

Reference no: EM13603248

Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2400.00 per month, starting on october 1, 2008. The rent was paid on time on October 1, and November 1, and the amount received was credited to the Rent Earned account. However the tenant has not paid the December rent. The company has worked out an agreement with thte tenant to pay both the December and January rent in full on January 15. The tenant has agreed to not fall behind again.

Adjustment

Dec 31 Rent Receivable?
rent earned?

Reference no: EM13603248

Questions Cloud

What cultural competence skills are needed to work : what cultural competence skills are needed to work effectively in the field of marketing and sales? identify at least

As a long-term investment painters equipment company : as a long-term investment painters equipment company purchased 21 of amc supplies inc.s 404000 shares for 485000 at the

If she is at a location where the speed of sound is 1100 : a child drops a rock into a well and hears it splash into the water at the bottom exactly 2 seconds later. if she is at

The function of advertising is to interpret or translate : the function of advertising is to interpret or translate the want-satisfying qualities of goods or services. describe

Since the company is not large enough to occupy the entire : since the company is not large enough to occupy the entire building it owns it rented space to a tenant at 2400.00 per

Trumpet company produced 8600 units of product that : trumpet company produced 8600 units of product that required 3.25 standard hours per unit. the standard variable

Sy n 210 40 mpa p n124 12 kn using your suggested process : describe in an itemized list or flowchart the steps to solution to determine the probability of yielding if both the

Explain why separating of duties is such an important : explain why separating of duties is such an important procedure for safeguarding assets and provide two examples of

The function of advertising is to interpret or translate : the function of advertising is to interpret or translate the want-satisfying qualities of goods or services. describe

User Account

All Pages