Which of the Following Entries Records the Receipt of Cash

question 196

Multiple Choice

Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service.

• A) Prepaid Rent, debit; Rent Revenue, credit
• B) Cash, debit; Unearned Rent, credit
• C) Cash, debit; Prepaid Rent, credit
• D) Cash, debit; Rent Expense credit

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Definitions:

Collaborative Mindset

An attitude or approach that emphasizes teamwork and cooperative efforts among individuals or groups.

Telecommute

The practice of working from a remote location, outside of a traditional office environment, often from home, leveraging technology for communication and work tasks.

Performance Standards

Criteria established to assess the effectiveness and efficiency of employees' work.

Cultural Cohesion

The degree to which members of a culture or group share common values, beliefs, and practices, fostering unity and teamwork.