On October 1, Goodwell Company Rented Warehouse Space to a Tenant

question 96

Multiple Choice

On October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' rent in advance on that date. The collection was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The Rent Revenue account balance at the end of December, after adjustment, should be:

• A)$5,000.
• B)$7,500.
• C)$12,500.
• D)$2,500.
• E)$10,000.

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Definitions:

Self-Confidence

A sense of trust in one's abilities, qualities, and judgment.

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A green space in an urban setting, providing recreational areas for residents to enjoy outdoor activities, nature, and a break from the urban environment.

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The trust in one's abilities, qualities, and judgment, contributing to self-assuredness.

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The foundational information and skills one has in a particular area or domain.