Multiple choice |CHAPTER 5 | JOURNALIZING AND POSTINGb. Prepaid RentCashP6,000P6,000Rent PayableP6,000C.CashP6,000d. Rent ExpenseP6,000o post a P52CashP6,00010. Which of the following is correct concerning recording journa. The credit part of the entry is recorded first.b. The credit account is always indented underneath theC. The debit part of the entry is recorded last.always recorded in the journal.ts.nad the following account balances as P3,000ExpenseP3,0009. Dungeon Company paid the monthly rent, P6,000. The accountant would recordCashP3,000the following journal entry:a. CashP6,000Rent ExpenseP6,000222

A journal entry is a record of a transaction happened in a entity in the the books of such entity…

Answered: P3,000 9. Dungeon Company paid the…

P3,000 9. Dungeon Company paid the monthly rent, P6,000. The accountant would record the following journal entry: a. Cash P6,000 Rent Expense P6,000

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

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...

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Question

Multiple choice

|CHAPTER 5 | JOURNALIZING AND POSTING
b. Prepaid Rent
Cash
P6,000
P6,000
Rent Payable
P6,000
C.
Cash
P6,000
d. Rent Expense
P6,000
o post a P52
Cash
P6,000
10. Which of the following is correct concerning recording journ
a. The credit part of the entry is recorded first.
b. The credit account is always indented underneath the
C. The debit part of the entry is recorded last.
always recorded in the journal.
ts.
nad the following account balances as

P3,000
Expense
P3,000
9. Dungeon Company paid the monthly rent, P6,000. The accountant would record
Cash
P3,000
the following journal entry:
a. Cash
P6,000
Rent Expense
P6,000
222

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