question archive Charlene Company sublet a portion of its commercial apartment for 10 years at an annual rental of P72,000 beginning February 1
Charlene Company sublet a portion of its commercial apartment for 10 years at an annual rental of P72,000 beginning February 1
Subject:AccountingPrice:3.86 Bought5
- Charlene Company sublet a portion of its commercial apartment for 10 years at an annual rental of P72,000 beginning February 1. Term is 1 year advance rental which Charlene credited to Rental Income. Using calendar year basis, the adjustment at the end of the year shall include:
a. Debit to unearned rental income of 66,000
b. Debit to unearned rental income of 6,000
c. Debit to rental income of 66,000
d. Debit to rental income of 6,000
