question archive Rent Income account has a credit balance of P240,000 composed of the following: Rental for three months ending March 31, 2014, P45,000 A credit of P195,000 representing advance rental payment for one year beginning April 1, 2014 The December 31, 2014 adjusting entry will require a debit to Rent Income and a credit to Unearned Rent Income of
Rent Income account has a credit balance of P240,000 composed of the following: Rental for three months ending March 31, 2014, P45,000 A credit of P195,000 representing advance rental payment for one year beginning April 1, 2014 The December 31, 2014 adjusting entry will require a debit to Rent Income and a credit to Unearned Rent Income of
Subject:AccountingPrice:2.86 Bought5
Rent Income account has a credit balance of P240,000 composed of the following:
- Rental for three months ending March 31, 2014, P45,000
- A credit of P195,000 representing advance rental payment for one year beginning April 1, 2014
The December 31, 2014 adjusting entry will require a debit to Rent Income and a credit to Unearned Rent Income of
