Lang Leased a Portion of Its Store to Pang for 12

question 47

Multiple Choice

Lang leased a portion of its store to Pang for 12 months beginning on November 1, at a monthly rate of $400. Pang paid the entire $4,800 on November 1, which Lang recorded as unearned revenue. The journal entry made by Lang at year-end, December 31, would include

• A) A debit to Rent Earned for $400
• B) A credit to Unearned Rent for $400
• C) A debit to Cash for $800
• D) A credit to Rent Earned for $800
• E) A debit to Unearned Rent for $4,800

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Definitions:

Semantics

The meaning of words and sentences.

Environmental Determinants

Factors within the environment that influence the development, behavior, and living conditions of individuals.

Biological Determinants

Factors related to biological or genetic conditions that influence an individual's health or characteristics.

Displacement

A defense mechanism where emotional impulse is redirected from a dangerous object to a safe one.