The Unearned Rent Account Has a Balance of $72,000

question 19

Multiple Choice

The unearned rent account has a balance of $72,000. If $18,000 of the $72,000 is unearned at the end of the accounting period, the amount of the adjusting entry is

• A) $18,000
• B) $90,000
• C) $54,000
• D) $36,000

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Definitions:

Craft Shop Technology

Techniques and processes used in small-scale production environments, where goods are handcrafted or produced in limited quantities.

Customer Specifications

Detailed descriptions provided by customers outlining the specific requirements, features, or standards that a product or service must meet.

Small-Batch

Production processes characterized by the production of small quantities of goods tailored to specific customer demands or to test new markets.

Supply Chain Management

Strategically links all operations dealing with resource supplies.