Leyland Realty Company Received a Check for $18,000 on July

question 131

Multiple Choice

Leyland Realty Company received a check for $18,000 on July 1, which represents a 6-month advance payment of rent on a building it rents to a client.Unearned Rent Revenue was credited for the full $18,000.Financial statements will be prepared on July 31.Leyland Realty should make the following adjusting entry on July 31:

• A)debit Unearned Rent Revenue, $3,000; credit Rent Revenue, $3,000.
• B)debit Rent Revenue, $3,000; credit Unearned Rent Revenue, $3,000.
• C)debit Unearned Rent Revenue, $18,000; credit Rent Revenue, $18,000.
• D)debit Cash, $18,000; credit Rent Revenue, $18,000.

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Definitions:

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, as socially constructed and culturally associated with the biological differences between males and females.

Masculinity

A set of attributes, behaviors, and roles associated with boys and men as prescribed by society, often emphasizing traits like strength and assertiveness.

Femininity

A set of attributes, behaviors, and roles generally associated with girls and women, socially constructed and culturally variable.

Feminist Social Action

Initiatives and efforts guided by feminist principles aiming to address and mitigate gender inequalities and promote women's rights and empowerment.