x.Hm unearned rent revenue 429,000. The company began subleasing officespace in
ID: 2433470 • Letter: X
Question
x.Hm unearned rent revenue 429,000. The company began subleasing officespace in its new building on November 1. Each tenant is required tomake a 5,000 security deposit that is not refundable until occupancy isterminated. At December 31, the company had the following rentalcontracts that are paid in full for the entire term of the lease.Date Term(in months) Monthly rent # of leases
Nov1 6 6,000 5
Dec1 6 8,500 4
2) Preapaid advertising 13,200. This balance consists of payments ontwo advertising contracts. The contracts provide for monthlyadvertising in two trade magazines. The terms of the contracts are asshown below.
contract date amount # of magazines issues
A650 May 1 6,000 12
B974 Oct 1 7,200 24
3) Notes payable 60,000. This balance consists of a note for one year a tan annual interest rate of 12% dated June 1.
1) unearned rent revenue 429,000. The company began subleasing officespace in its new building on November 1. Each tenant is required tomake a 5,000 security deposit that is not refundable until occupancy isterminated. At December 31, the company had the following rentalcontracts that are paid in full for the entire term of the lease.
Date Term(in months) Monthly rent # of leases
Nov1 6 6,000 5
Dec1 6 8,500 4
2) Preapaid advertising 13,200. This balance consists of payments ontwo advertising contracts. The contracts provide for monthlyadvertising in two trade magazines. The terms of the contracts are asshown below.
contract date amount # of magazines issues
A650 May 1 6,000 12
B974 Oct 1 7,200 24
3) Notes payable 60,000. This balance consists of a note for one year a tan annual interest rate of 12% dated June 1.
1) unearned rent revenue 429,000. The company began subleasing officespace in its new building on November 1. Each tenant is required tomake a 5,000 security deposit that is not refundable until occupancy isterminated. At December 31, the company had the following rentalcontracts that are paid in full for the entire term of the lease.
Date Term(in months) Monthly rent # of leases
Nov1 6 6,000 5
Dec1 6 8,500 4
2) Preapaid advertising 13,200. This balance consists of payments ontwo advertising contracts. The contracts provide for monthlyadvertising in two trade magazines. The terms of the contracts are asshown below.
contract date &
Explanation / Answer
You repeated the question several times but forgot to mantionthe requirement means what actually question asks to do forunearned rent revenue, Prepaid advertising and otes payable. Does the question ask for the amount to be shown in year-endbalance sheet ?Related Questions
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