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Author Question: An example of unearned revenues a. Collecting 3 months rent in advance b. Paying 3 months rent in ... (Read 125 times)

codyclark

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on: Jul 6, 2018
An example of unearned revenues
 a. Collecting 3 months rent in advance
   b. Paying 3 months rent in advance
   c. Collecting the current month's rent
   d. Paying the current month's rent

Question 2

Taxes receivable of 80,000, which have a related allowance for uncollectible taxes of 8,000, become delinquent. The entry to record this includes a debit to
 
  A. Taxes Receivable  Current.
  B. Allowance for Uncollectible Current Taxes.
  C. Allowance for Uncollectible Delinquent Taxes.
  D. Revenues  Property Taxes.


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marict

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Reply #1 on: Jul 6, 2018
Answer to Question 1

a

Answer to Question 2

B


codyclark

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Reply #2 on: Jul 6, 2018
Thank you :)


marict

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Reply #3 on: Jul 6, 2018
Happy to help you


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