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On 1 January 2020, a company received OMR 14000 cash as rent revenue for two years. Pass the adjusting entry on 31st December 2020   Select one: a. Date Particulars Debit (OMR) Credit (OMR) 31 Dec        Unearned rent revenue Income         rent revenue Income 7000   7000 b.

On 1 January 2020, a company received OMR 14000 cash as rent revenue for two years. Pass the adjusting entry on 31st December 2020   Select one: a. Date Particulars Debit (OMR) Credit (OMR) 31 Dec        Unearned rent revenue Income         rent revenue Income 7000   7000 b.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 8RE: At the end of 2019, Framber Company received 8,000 as a prepayment for renting a building to a...
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On 1 January 2020, a company received OMR 14000 cash as rent revenue for two years. Pass the adjusting entry on 31st December 2020


 

Select one:
a.
Date Particulars Debit (OMR) Credit (OMR)
31 Dec        Unearned rent revenue Income
        rent revenue Income

7000

 

7000
b.
None of these
c.
Date Particulars Debit (OMR) Credit (OMR)
31 Dec        Unearned rent revenue Income
        rent revenue Income

14000

 

14000
d.
Date Particulars Debit (OMR) Credit (OMR)
31 Dec Cash
       Unearned rent revenue Income

14000

 

14000
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