Hank's Tax Planning Service Started Business in January, 2014

question 12

Multiple Choice

Hank's Tax Planning Service started business in January, 2014. He rented an office for $1,800 a month starting January 1. On January 1, he prepaid the rentals through June 30. He makes accrual adjustments monthly. What is the balance in the Prepaid Rent account as of April 30?

• A)$3,600
• B)$300
• C)$1,800
• D)$900

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Definitions:

Cytoplasm

The jelly-like material within a cell, excluding the nucleus, containing organelles and involved in cellular processes.

Chromosomes

Chromosomes are long, thread-like structures made of DNA and proteins, contained in the nucleus of cells, which carry genetic information.

Mitochondria

Mitochondria are organelles within cells that produce energy through the process of oxidative phosphorylation, often referred to as the "powerhouses" of the cell.

Zona Pellucida

The thick, transparent outer layer surrounding an egg cell or oocyte, involved in sperm binding and fertilization.