Hank's Tax Planning Service Started Business in January,2012

question 21

Essay

Hank's Tax Planning Service started business in January,2012.He rented an office for $900 a month starting January 1.He prepaid the rentals through June 30.He makes accrual adjustments monthly.As of April 30,Hank's ledger shows a balance in Prepaid Rent of how much?
A) $1,800
B) $900
C) $2,700
D) $5,400

• A) $1,800
• B) $900
• C) $2,700
• D) $5,400

---

Definitions:

Myelination

The coating of axons with myelin.

Differentiation

The processes by which behaviors and physical structures become specialized.

Habituation

Becoming used to a stimulus and therefore paying less attention to it.

Babinski reflex

A reflex action of the foot in which the big toe extends upwards and the other toes fan out when the sole of the foot is firmly stroked, common in infants.