Janno Enterprises Prepaid Eight Months of Office Rent Totaling $9,000

question 116

Multiple Choice

Janno Enterprises prepaid eight months of office rent totaling $9,000 on October 1,2019.The rent period begins on October 1.Assuming Janno records deferred expenses using the alternative treatment,what would be the adjusting entry recorded on December 31,2019?

• A) Debit Rent Expense and credit Prepaid Rent for $3,375
• B) No entry is needed since Rent Expense was recorded on October 1, 2019
• C) Debit Prepaid Rent and credit Rent Expense for $5,625
• D) Debit Prepaid Rent and credit Rent Expense for $5,400

Explain the role of the lens in focusing on images at different distances.

Describe the function and types of receptors in the skin and their roles in detecting various stimuli.

Understand the concepts of rotational and gravitational equilibrium and the factors affecting them.

Identify the effects of certain lifestyle choices on sensory organ health, specifically the eyes.

---

Definitions:

Pricing Behavior

The strategies and practices employed by sellers in setting and adjusting prices of goods and services.

Kinked-Demand Curve

A demand curve that has a flatter slope above the current price than below the current price. Applies to a noncollusive oligopoly firm if its rivals will match any price decrease but ignore any price increase.

Elastic Demand

A situation where the quantity demanded of a good or service changes significantly due to a change in its price.

Marginal Revenue Curve

A curve that shows the change in total revenue resulting from selling one additional unit of a product or service.