On March 1, a landlord received $10,000 rent for the month of April. On April 1, the landlord will ________
A) decrease Cash and increase Rent Revenue
B) decrease Cash and increase Unearned Rent Revenue
C) decrease Paid-in Capital and increase Interest Revenue
D) decrease Unearned Rent Revenue and increase Rent Revenue
D
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Informational reports deliver nonsensitive data
a. true b. false
The following information is needed to reconcile the cash balance for Baker's Dry Cleaning, Inc
" ¢ A deposit of $5,700 is in transit. " ¢ Outstanding checks total $1,300. " ¢ The book balance is $6,400 at February 28, 2017 • The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent. • The bank balance at February 28, 2017 was $16,930. • A deposit of $300 was credited by the bank for $3,000. • A customer's check for $3,500 was returned for nonsufficient funds. • The bank service charge is $70. What was the adjusted book balance? A) $18,700 B) $17,000 C) $18,630 D) $18,770