Fragmental Co

question 75

Multiple Choice

Fragmental Co.leased a portion of its store to another company for eight months beginning on October 1,at a monthly rate of $800.Fragmental collected the entire $6,400 cash on October 1 and recorded it as unearned revenue.Assuming adjusting entries are only made at year-end,the adjusting entry made by Fragmental Co.on December 31 would be:

• A)A debit to Rent Revenue and a credit to Cash for $2,400.
• B)A debit to Rent Revenue and a credit to Unearned Rent for $2,400.
• C)A debit to Cash and a credit to Rent Revenue for $6,400.
• D)A debit to Unearned Rent and a credit to Rent Revenue for $2,400.
• E)A debit to Unearned Rent and a credit to Rent Revenue for $4,000.

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Definitions:

Health Psychologist

A professional specializing in how psychological, behavioral, and cultural factors contribute to physical health and illness.

Schizophrenia

A serious mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Brain Abnormalities

Any deviation from the normal structure or function of the brain, which can affect cognitive, physical, or emotional health.

Sigmund Freud

An Austrian neurologist who founded psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.