On December 1, Video Center Received $2,400 for Two Years

question 118

Multiple Choice

On December 1, Video Center received $2,400 for two years' rent in advance from Gaffey Company. The December 31 adjusting entry that Video Center should make is to

• A) debit Rental Income; credit Unearned Rent $1,200.
• B) debit Cash; credit Rental Income $1,200.
• C) debit Unearned Rent; credit Rental Income $100.
• D) debit Unearned Rent; credit Rent Expense $100.

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Childishness

Exhibiting behavior or traits considered typical of a child, often marked by immaturity or lack of sophistication.

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An institution for the education and training of individuals in the practice, theory, and application of law.

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Describes the stage in psychosocial development where an individual has explored various options and commitments, leading to a secure sense of self.

Marcia

A reference to James Marcia's theory on identity status, addressing the processes of exploration and decision making that lead to various identity outcomes in adolescence.