LLane Received $12,000 from a Tenant on December 1 for Four

question 75

Multiple Choice

L.Lane received $12,000 from a tenant on December 1 for four months' rent of an office.This rent was for December,January,February,and March.If Lane debited Cash and credited Unearned Rental Income for $12,000 on December 1,what necessary adjustment would be made on December 31?

• A) Unearned Rental Income .............3,000
• Rental Income ....................3,000
• B) Rental Income ......................3,000
• Unearned Rental Income ...........3,000
• C) Unearned Rental Income .............9,000
• Rental Income ....................9,000
• D) Rental Income ......................9,000
• Unearned Rental Income ...........9,000

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Definitions:

Social Cognitive Approach

A theoretical framework focusing on how people learn by observing others, and how thoughts, beliefs, and environmental factors interact to shape behavior.

Social Interactions

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