On November 1,Phone Center Received $4,800 for Two Years' Rent

question 58

Multiple Choice

On November 1,Phone Center received $4,800 for two years' rent in advance from Garrison Company.The November 30 adjusting entry that Phone Center should make is to:

• A)debit Rental Income;credit Unearned Rent $3,000.
• B)debit Cash;credit Rental Income $3,000.
• C)debit Unearned Rent;credit Rental Income $200.
• D)debit Unearned Rent;credit Rent Expense $200.

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Definitions:

Exclusivity

A strategy or state where access to products, services, or information is restricted to certain people or groups, often to create perceived value or prestige.

Consistency

The quality of achieving a level of performance which does not vary greatly in quality over time.

Influence

The ability to shift people to take action or listen to what you have to say on social media.

Entourage

A group of people surrounding an important individual, often celebrities, providing support or services.