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Other Fields Homework Help Accounting Topic started by: harra on Sep 19, 2017



Title: A review of the accounting records discovered that unearned rent revenue in the amount of $1,500 had ...
Post by: harra on Sep 19, 2017
A review of the accounting records discovered that unearned rent revenue in the amount of $1,500 had been incorrectly recorded as $2,200.  Which of the following journal entries will correct the ledger accounts if the business records unearned revenues by crediting a revenue account?
A)
Unearned rent revenue   700   
        Cash      700

B)
Accounts payable   700   
        Rent revenue      700

C)
Rent revenue   700   
        Unearned rent revenue      700

D)
Rent revenue   700   
        Cash      700


Title: Re: A review of the accounting records discovered that unearned rent revenue in the amount of $1,500 ...
Post by: Hanoi on Sep 19, 2017
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