Question: plz answer & explain 20 & 42 (ignore highlights) 20. Which of the items used to reconcile cash does not require an adjusting entry on

 plz answer & explain 20 & 42 (ignore highlights) 20. Whichplz answer & explain 20 & 42 (ignore highlights)

20. Which of the items used to reconcile cash does not require an adjusting entry on the company's books? a. Deposits in transit b. Error made by the company C. Interest collected by the bank d. NSF check e. None of the above 42. ABC Company rents its extra office space to XYZ Company for 600 per month. On Nov 1, 2013, ABC Company received 3,600 rents in advance from XYZ Company for the months of Nov 2013, Dec 2013. Jan 2014. Feb 2014 March 2014, and April 2014. The adjusting entry on Dec 31, 2013 (the end of the fiscal year) would include: a. A debit to Uneamed Rent Revenue for 2,400 b. A debit to Rent Revenue for $1.200 C. A debit to Cash for 3,600 d. A credit to rent Revenue for 1.200 e. A credit to Rent Revenue for 2.400

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!