Which adjusting entry is the allocation of a long-term asset's cost to expense over its useful life?
B) Unearned revenue.
C) Accrued revenue.
D) Accrued expenses.
9. On 10/1/08, a company received $6,000 in unearned rent revenue for 1 year’s rent. The company debited cash and credited unearned rent revenue for $6,000... displayed 300 characters
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On 10/1/08, a company received $6,000 in unearned rent revenue for 1 year’s rent. The company debited cash and credited unearned rent revenue for $6,000.
(A) Prepare the adjusting entry needed on 12/31/08, assuming that the unadjusted unearned rent revenue balance is still $6,000.
12/31/08 Unearned Rent Revenue 1,500
Rent Revenue 1,500
(B) Would the adjusting entry involve an accrual or a deferral?
10... displayed next 300 characters
? Memory ? persistence of learning over time
? Flashbulb memory ? clear memory of emotionally significant event
? Long-term memory ? permanent and limitless memory storage
? Short-term memory ? activated memory that briefly retains a few items
? Encoding ? processing of info into memory
Society's idea of intelligence generally includes a large acquisition of knowledge. A person is not born with this knowledge, but he or she must learn and, more importantly, remember knowledge to appear intelligent...
Here is where the Medium term memory puts, and takes it's
information to and from. It has a large amount of space, but is relatively slow
in comparison with the other kinds of memory, and the way that the memory is
stored is dubious as we are all knows to forget things...
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