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On the 1.7.2019 XY company received rental revenue in advance from customers of  OMR 2400 for two years. in the journal entry, the credit side is:   Select one: a. None of These b. Prepaid rent 2400 c. unearned revenue 2400 d. Accrued rent 2400.

On the 1.7.2019 XY company received rental revenue in advance from customers of  OMR 2400 for two years. in the journal entry, the credit side is:   Select one: a. None of These b. Prepaid rent 2400 c. unearned revenue 2400 d. Accrued rent 2400.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On the 1.7.2019 XY company received rental revenue in advance from customers of  OMR 2400 for two years. in the journal entry, the credit side is:


 

Select one:
a. None of These
b. Prepaid rent 2400
c. unearned revenue 2400
d. Accrued rent 2400.
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