Williams Enterprises prepaid six months of office rent totaling $8,000 on October 1, 2017. Assuming Williams records deferred expenses using the alternative treatment, what would be the entry on October 1, 2017?
A) Debit Prepaid Rent and credit Cash for $8,000
B) No entry is needed until the expense is incurred
C) Debit Cash and credit Unearned Rent for $8,000
D) Debit Rent Expense and credit Cash for $8,000
D
Business
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Sinesia is a country that is famous for its vast deposits of cobalt, a material that is used to make high-speed and high-temperature cutting tools and dyes. A company that wants to manufacture tools for shaping steel would be most attracted to Sinesia's:
a. political structure. b. cultural aspects. c. natural resources. d. demographic makeup.
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An effective sales strategy is to suggest possible solutions to a prospect before gathering data about the prospect
a. true b. false
Business