Tim Received $3,000 in Advance for Renting Part of His

question 19

Multiple Choice

Tim received $3,000 in advance for renting part of his building for 4 months. What is the entry to record the adjustment after one month has passed?

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

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Definitions:

Human Development

The process of growth and change that takes place over the course of a human life, encompassing physical, cognitive, social, and emotional development.

Parent-Child Attachments

The deep emotional bond that develops between a child and their caregiver, influencing the child's development and future relationships.

Adopted

Relates to having chosen or accepted something, often referring to a legal process where someone chooses to become the parent of a child who is not biologically theirs.

Psychosocial Development

A theory that describes the stages of psychological and social development through which individuals pass from infancy to adulthood.