Which of the Following Entries Records the Receipt of Cash

question 196

Multiple Choice

Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service.

• A) Prepaid Rent, debit; Rent Revenue, credit
• B) Cash, debit; Unearned Rent, credit
• C) Cash, debit; Prepaid Rent, credit
• D) Cash, debit; Rent Expense credit

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Definitions:

Large Amount

A significantly above average quantity or volume of an item or substance.

Pressure Bandage

A tightly applied bandage designed to apply pressure to a wound to stop bleeding or reduce swelling.

Proximal-to-Distal

Describing an approach or development that starts from the center or core of the body and moves outward towards the extremities.

Debridement

A medical procedure involving the removal of dead, damaged, or infected tissue to improve the healing potential of the remaining healthy tissue.