Max Received $6,000 in Advance for Renting Part of His

question 46

Multiple Choice

Max received $6,000 in advance for renting part of his building.What is the entry to record the receipt of payment?

• A)Debit Cash;credit Rent Expense
• B)Debit Cash;credit Prepaid Rent Expense
• C)Debit Cash;credit Unearned Rent Revenue
• D)Debit Cash;credit Rental Income

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Definitions:

Scarp

A steep slope or cliff, typically formed by erosion or faulting.

Refraction

The bending of a wave as it passes at an angle from one medium to another, altering its speed.

Seismic Waves

Waves of energy that travel through the Earth’s layers, resulting from earthquakes, volcanic eruptions, or other seismic events.

Earth

The third planet from the Sun, our home, characterized by its vast oceans, atmosphere, and life.