On April 1 the ABC Inc. paid $20,400 to Acme Realty for 12 months Rent beginning May 1. The company did the correct recording on April 1. If financial statements are prepared on December 31st, what is the adjusting entry needed on the balance sheet?



Decrease PrePaid Rent 20,400 / Increase Rent Expense 20,400


Decrease PrePaid Rent 13,600 / Decrease Rent Expense 13,600


Decrease PrePaid Rent 13,600 / Increase Rent Expense 13,600


Decrease Cash 20,400 / Increase PrePaid Rent 20,400

Answers

Answer 1

Answer:

Decrease PrePaid Rent 13,600 / Increase Rent Expense 13,600

Step-by-step explanation:

Given that:

The total amount paid = $20400  to Acme Realty for 12  months;

Thus, for each month rent; we get = $20400/12 = $1700

Now, the moth expired from May 1 to Dec 31 = 8 months

The rent expense for the year will be: monthly rent × number of months

= 1700 × 8

= $13,600

Thus, the balance sheet's adjusting entry will be to record 13,600 as the expense and decrease the total 20400 rent paid with 13600 and book it as prepaid rent as of December end.


Related Questions

HELLLLP ASAP I NEED SOMEONE TO EXPLAIN PLEASE

Answers

Step-by-step explanation:

When it says you need to prove something

you need to place a statement about what you need to prove

and then a reason for why.

In this case

You need to prove that

Side AB is congruent (identical in form) to Side ED

Can y'all answer my question: 3d + 45 = 150

Answers

Answer:

d=35

Step-by-step explanation:

At a carnival, Tammy bought 9 packs of 17 tickets each. She has used 36 of the tickets so far. How many tickets does she have left?

㏒㏑⊂·_·⊃㏒㏑

Answers

117 tickets
You multiply the packs of tickets times the number of tickets per pack which will tell you how many tickets she has in total, 9*17=153 then subtract how many tickets she used from the total number of tickets. 153-36 then you will your answer

Which equation represents the line that passes through the point (4, -5) and is perpendicular to the line x + 2y = 5?

Answers

Answer:

y = 2x - 13

Step-by-step explanation:

Equation of a line is y = mx + c, m is the gradient and c is the intercept

The line passes through points 4 and -5, x is 4 and y is -5

-5 = 4m + c

When two lines are perpendicular, the products of their gradients are equal to -1, m1 * m2 = -1

x + 2y = 5

2y = -x + 5

y = (-1/2 * x) + 5

therefore m = -1/2

m1 * m2 = -1

m * -1/2 = -1

-m = -2 , therefore m = 2

-5 = 4 * 2 + c

c = -5 - 8, which is -13

Therefore the equation for the line is

y = 2x - 13

I NEED HELP WITH THIS MATH PROBLEM!!!

Answers

Answer:

72 degrees

Step-by-step explanation:

4x+6x=180

10x=180 combine like terms

10x/10=180/10

x=18

4(18) = 17

I need HELP, I'm just a dumb kid from Minnesota, I have no clue what to do...The line below has a slope of 2. Both points are on the same line. Find the values of a and b

Answers

Answer:

The values of [tex]a[/tex] and [tex]b[/tex] are 6 and 4, respectively.

Step-by-step explanation:

Geometrically speaking, any line is represented by equation of the form:

[tex]y = m\cdot x + b[/tex] (1)

Where:

[tex]x[/tex] - Independent variable, dimensionless.

[tex]y[/tex] - Dependent variable, dimensionless.

[tex]m[/tex] - Slope, dimensionless.

[tex]b[/tex] - y-Intercept, dimensionless.

In addition, the slope is defined in terms of distinct known points. That is:

[tex]m = \frac{y_{2}-y_{1}}{x_{2}-x_{1}}[/tex] (2)

If we know that [tex](x_{1},y_{1})=(4,b)[/tex], [tex](x_{2}, y_{2}) = (a, 8)[/tex] and [tex]m = 2[/tex], then the slope is:

[tex]\frac{8-b}{a-4} = 2[/tex]

[tex]8-b = 2\cdot (a-4)[/tex]

[tex]8-b = 2\cdot a -8[/tex]

[tex]b = 16-2\cdot a[/tex]

There is more than one option. If we assume that [tex]a = 6[/tex], then [tex]b[/tex] is:

[tex]b = 16-2\cdot (6)[/tex]

[tex]b = 4[/tex]

The values of [tex]a[/tex] and [tex]b[/tex] are 6 and 4, respectively.

1. What is the range? Write your answer like # (Don’t worry that it’s not the less than or equal sign)

Helppppppp

Answers

3y

Step-by-step explanation:

Please help I’m stuck on this question

Answers

Answer:

C. a => c

Step-by-step explanation:

       a                          b                           c                a => b          a => c (not C)

       0                          0                        0                    

       0                           0                        1                    

       0                          1                         0                    

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        1                         0                          0                     F                  F

         1                        0                          1                      F                  

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¬a                          b                           c                a => b          ¬a => c (not B)

       1                          0                        0                  F                  F

       1                           0                        1                  F  

       1                          1                         0                                       F

        1                           1                         1                                          

        0                         0                          0                                      

        0                        0                          1                                        

         0                        1                           0                                        

          0                       1                          1

a                          b                           c                a => b          c => a (not D)

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       0                           0                        1                                            F

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        0                           1                         1                                           F

        1                         0                          0                     F                  

         1                        0                          1                      F                  

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¬a                          b                           ¬c                a => b          ¬a => ¬c

       1                          0                        1                                          

       1                           0                        0                                         F

       1                          1                         1                                      

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answer: everything is false lol

Nicole bought a meal in a town with a 9% sales tax. She tips 20% on the bill, and then adds the sales tax. What is the total cost of the meal if she orders a $15 menu item.

Please submit a paragraph response, following the RACE method, to explain how to find the cost of Nicole’s meal.

Answers

Answer:

The total cost of the meal is $19.35.

Step-by-step explanation:

As Nicole ordered a $ 15 menu, and on that price she paid a tip of 20% and the town in which she bought it had a sales tax of 9%, the total cost of the meal is determined by performing the following calculation:

1- Menu $ 15

2- Tip $ 3 (15 x 0.2)

3- Sales tax $ 1.35 (15 x 0.09)

Thus, adding the three expenses, the total cost of the food for Nicole is $ 19.35 (15 + 3 + 1.35).

What’s the equation of a line that is perpendicular to -x +2y =4 and passes through the point (-2,1)

Answers

Answer:

y = -2x - 3

Step-by-step explanation:

Given:

Equation of -x +2y =4

Point of (-2,1)

-x + 2y = 4

y = x/2 + 2 or y = 1/2x + 2

Which means the equation's slope is m = 1/2.

The slope of the perpendicular line is negative inverse which is m = -2.

Now we have an equation of y = -2x + a.

Use (-2, 1) to find a:

1 = (-2)(-2) + a

a = -3

y = - 2x - 3

Please help please help

Answers

Answer:

b

Step-by-step explanation:

cause if you divided 5 by 4 you'd get 1.25 then times that by 8 it'll give you 10 thus the answer is b

Susan, Mariana y Emma cumplen años el mismo día. Al momento de partir la torta a Valentina le tocó 1/6 , a Camila 2/6 y a Emma 2/6 partes de la…

Answers

It would be la torta

Isidro wants to purchase a used scooter that costs $89.75. The sales tax is found by multiplying the price of the scooter by 0.08. Find the ​total amount​ of money Isidro will pay. Round to the nearest cent.

Answers

Answer:

96.93

Step-by-step explanation:

89,75+

pleaseeeeeeeeeeeeeeeeeeeeee help me i'm begging you so the questions is what is the multiplicative of 5 and 10-5k

Answers

Answer:

1/5 and -k/5+2

Step-by-step explanation:

inverse of 5= 1/5

swap the variables: y=10−5k becomes k=10−5y

Now, solve the equation k=10−5y

for y

y=−k/5+2

Use the graph to answer the question.
What is the average rate of change from x = 3 to x
= 11?
0 -8
1
001-
1
8
08

Answers

Answer:

Negative 1/8 is the answer

what is 8 divided by 8 with a multitude of 53 degree angles

Answers

Answer:

1

Step-by-step explanation:

Evaluate the Expression: 8r - 4w - 9 when r = 7 and w = 4

Answers

Answer:

= 31

Step-by-step explanation:

So first plug in the numbers 8(7) - 4(4) - 16

then solve

56 - 16 - 9 = 31

Answer:

31

Step-by-step explanation:

8r - 4w - 9 when r = 7 and w = 4.

~Substitute

8(7) - 4(4) - 9

~Simplify

56 - 16 - 9

~Subtract

40 - 9

~Subtract

31

Best of Luck!

Last month, Curtis bought a new mountain bike for $250. In a store advertisement, the mountain bike is on sale for $210. What is the percent of the decrease in the value of the mountain bike?

Answers

Answer:

16%

Step-by-step explanation:

say the percent decrease = x. Then

x/100 x 250 = 210.

x/2 x 5 = 210

x/2 = 210/5

x/2 = 42

x = 42 x 2

x = 84.....

BUT this is not the answer. We need 100-84=16 for the answer.

So the bike dropped 16%. Thank me later :)

If Curtis bought a new mountain bike for $250. In a store advertisement, the mountain bike is on sale for $210. Then 16%  of the decrease in the value of the mountain bike

What is Percentage?

percentage, a relative value indicating hundredth parts of any quantity

Given,

Curtis bought a new mountain bike for $250.

the mountain bike is on sale for $210.

We need to find the percent of the decrease in the value of the mountain bike.

Let the  percent decrease be x.

x/100 x 250 = 210.

5x/2= 210

Divide both sides by five

x/2 = 210/5

x by two equal to two ten by 5, we get x by two equal to forty two

x/2 = 42

Apply cross multiplication

x = 42 x 2

x = 84.

We need 100-84=16.

Hence 16  percent of the decrease in the value of the mountain bike

To learn more on Percentage click:

https://brainly.com/question/28269290

#SPJ2

If pand q vary inversely and pis 28 when Q is 29. determine q when p is equal to 14.

Answers

9514 1404 393

Answer:

  q = 58

Step-by-step explanation:

If the variation is inverse, when p is multiplied by 1/2, q will be multiplied by the inverse (reciprocal) of 1/2, which is 2/1 = 2.

When p = (1/2)(28), q = (2)(29) = 59

  q = 58

Which of the following best describes a change in human society because of the Neolithic Revolution? A. Before the Neolithic Revolution, people lived in organized societies; after the Neolithic Revolution people had to migrate from place to place. B. Before the Neolithic Revolution, people developed complex social hierarchies; after the Neolithic Revolution, people had more social equality. C. Before the Neolithic Revolution, people had developed many specialized jobs in society; after the Neolithic Revolution, people shared the jobs of hunting and gathering food. D. Before the Neolithic Revolution, people obtained food by hunting and gathering; after the Neolithic Revolution, people domesticated plants and animals.

Answers

Answer:A

Step-by-step explanation:

In the Neolithic Revolution, people formed civilizations.

You recently discovered that your job provides a 25% matching towards your retirement.
If you deposit $300 each month into a retirement account with an APR of 8.99%, what
would you type in Excel to find the balance after 30 years?

Answers

Answer:

What is typed in the attached Excel file is =FV(B4,B5,-B3,0,0).

Step-by-step explanation:

Note: See the attached excel file for the calculation of future value of an ordinary annuity.

Since we want to find the balance after 30 years, the function in the Excel is the FV function which is used to calculate the future value (FV) of an ordinary annuity as follows:

=FV(rate,nper,-pmt,0,0) …………………… (1)

rate = Monthly interest rate = APR / 12 = 8.99% / 12 = 0.0899 / 12 = 0.00749166666666667. Note: This is typed in cell B4 in attached excel file.

nper = periods = number of months = 30 years * 12 months = 360. Note: This is typed in cell B5 in attached excel file.

pmt = monthly payment = $300. Note: This is typed in cell B3 in the attached excel file. And also typed as a negative value in cell B7, i.e. as -B3.

pv = present value = 0. Note: This is the first 0 typed in cell B7 in the attached excel file.

type 0 = 0 this is typed to indicate that deposit is made at end of period as a regular or ordinary annuity. This is the second 0 typed in cell B7 in the attached excel file.

Based on the above, the FV function in equation (1) above is converted to the following which is typed in the attached Excel file to find the balance after 30 years:

=FV(B4,B5,-B3,0,0)

The above then gives a future value of $548,080.11 which is  the balance after 30 years.

each chicken has 2 legs. how many legs are there in a group of 9 chickens? show how you decided

Answers

Answer:

18 legs

Step-by-step explanation:

2 legs 9 chickens.

2*9 which is 18.

Hope this helps ;D

Greta mails 4 postcards on Monday, Wednesday, and Friday. She mails 5 postcards on Tuesday and Thursday and no postcards Saturday or Sunday. She believes that she will mail over 200 postcards if she does this for the entire 12 weeks that she is studying abroad.

Which are reasonable estimates for the number of postcards that Greta mails? Check all that apply.

60
120
200
220
240

Answers

200, 220, and 240. I think, sorry if I’m wrong <33

please help me i rlly need help

Answers

Answer:

3

Step-by-step explanation:

Given a line with points; (2, 5) (3, 8).

1. Find the slope of the given line

The formula for finding the slope is:

[tex]\frac{y_{2}-y_{1} }{x_{2} - x_{1}}[/tex]

Substitute in the values;

[tex]x_{1} = 2\\y_{1} = 5\\x_{2} = 3\\y_{2} = 8[/tex]

[tex]\frac{8-5}{3-2}[/tex]

simplify;

[tex]\frac{3}{1}[/tex]

= 3

2. Find the slope of the parallel line;

Remember, when two lines are parallel, they run alongside each other, of infinitely long, but they never touch. Hence two parallel lines have the same slope. Therefore, the slope of a line that is parallel to the given one will also have the same slope as the given one, which is 3.

5 people working for 6 hours per day they complete they task task in 16 days. How many days would it take 8 people if they working 4 hours per day at the same rate?

Answers

Answer:

Can complete a work in 12 days working 8 hours a day Q can complete the same work in 8 days working 10 hours a day if both p and q work together working 8 hours a day in how many days?

Step-by-step explanation:

Answer:

6 hours x 5 person sx 16 days = 480 hours to complete the work.

480/ ( 8person * 4hours) = 15days

Thank you and please rate me as brainliest as it will help me to level up

a number subtracted from the product of
four and the number.

Answers

Answer:

x-(4+x)

Step-by-step explanation:

x is the number. and a number subtracted from the product of four and the number is basically saying x-(4+x)

Help please !!!!! Thanks

Answers

Answer:

7) y = -2

8) x = 4

Step-by-step explanation:

Any straight horizontal/vertical line you find will be x= or y=. The vertical lines are always x= because they only touch the x axis. It's the opposite for horizontal lines. For example, on number 7, the line touches -2 on the y axis. That's why it's "y=-2". Same goes for 8. the line only touches 4.

I hope this helped and wasn't confusing!

Please help!! Time is almost up and I’m having trouble with this question. Giving 20 points

Answers

It’s the third one for this question

Please help! BRAINLIEST to correct answer!!!

Answers

Answer:

−3x⋅(x+6)⋅(x−8)

Step-by-step explanation:

hp this helps

Perform the indicated operation.


(4g²-9) ÷ (2g-3)

A. 2g-3

B. 2g+3

C. 2g+3 R 18​

Answers

Answer:

Solving [tex](4g^2-9) \div (2g-3)[/tex] we get 2g+3

Option B is correct.

Step-by-step explanation:

We need to solve [tex](4g^2-9) \div (2g-3)[/tex]

We know that [tex]a^2-b^2=(a-b)(a+b)[/tex]

So, [tex]4g^2-9[/tex] can be written as [tex](2g)^2-(3)^2[/tex]

So, using above formula we will get:

[tex]4g^2-9\\=(2g^2)-(3)^2 \\Using \ formula a^2-b^2 = (a-b)(a+b)\\=(2g-3)(2g+3)[/tex]

So, numerator will become

[tex]\frac{(2g-3)(2g+3)}{(2g-3)} \\Simplifying:\\=2g+3[/tex]

So, solving [tex](4g^2-9) \div (2g-3)[/tex] we get 2g+3

Option B is correct.

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Given the point and slope write the equation of the line (6, -6); slope = 5/6 Kyle missed 3 questions on the math exam. If he missed 15% of the questions, how many questions were on the exam all together? Which statement BEST represents the relationship between binge eating disorder and being overweight or obese?A) Most overweight and obese individuals engage in binge eating.B) Binge eating disorder is not linked to being overweight or obese.C) Binge eating disorder is not associated with changes in body weight.D) Roughly half of people with binge eating disorder become overweight or obese. can someone write me a summary of the book Isnt everyone a little bit weird ?? please The following steps show how the right side of 1 cos(2x) = tan(x)sin(2x) can be rewritten to show it is an identity.tan(x)sin(2x)= tan(x)[2sin(x)cos(x)]= StartFraction sine (x) Over cosine (x) EndFraction times 2 sine (x) cosine (x)= 2sin2(x)= 1 cos(2x)What are the correct justifications, listed in proper order?Double Angle Identity, Quotient Identity for Tangent, Simplify, Double Angle IdentityDouble Angle Identity, Simplify, Double Angle Identity, Quotient Identity for TangentDouble Angle Identity, Simplify, Quotient Identity for Tangent, Double Angle IdentityDouble Angle Identity, Quotient Identity for Tangent, Double Angle Identity, Simplify Write and evaluate the expression. Then, complete thestatements.Miguel gave away five of the puppies.Evaluate when p = 7. Investors buy a studio apartment for $180,000. Of this amount, they have a down payment of $36,000. Their down payment is what percent of the purchase price? What percent of the purchase price would a $72,000 down payment be?Their down payment is *blank*% of the purchase price. Pete wants to buy a new bike that costs $120 before any discount. Which offer should he choose to pay the least amount for the bike? NEED HELP PLEASE The perimeter of the triangle is 350 units. Find the measure of each side (label your answers). Please give a step by step explanation with the reasons. Thank you. Which describes all decimals that are rational numbers?Tbo dod i need to find my last friend, i left school and i was talking to her on my school computer but i had to create a different account True or false the sum of two negative numbers is always negative explain why or why not this is true or false whats nine and 5 tenth in standard form Select the correct answer.Which system of equations is satisfied by the solution shown in the graph? Kevin is choosing between two cell phone plans that offer the same amount of free minutes. AT&Ts plan charges $19.99 per month with additional minutes costing $0.35. Verizons plan costs $34.99 with additional minutes at $0.30. How many additional minutes, a, will it take for the two plans to cost the same? * Which is the process by which gas exchange between the respiratory system and the blood cells in the cappilaries occurs? transfusion condensation evaporation diffusion In a Normal model, what percent of data is between -1 and +1 standard deviations of the mean? Which of the following best describes the circuit shown below? What is a possible solution set to x + 7 -9 ?