rings Review View IEEE4121 T -> A . AaBbCcL AaBb AaBbc AaBbct AaBbce Emphasis Heading 1 Heading 2 1 Normal Strong Styles Paragraph Q.3. -8 marks 1. Dania Corporation received cash of $18,000 on August 1, 2019 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue The December 31, 2019 adjusting entry is a debit Rent Revenue and credit Unearned Rent, $7,500 b. debit Rent Revenue and credit Unearned Rent, $10,500. & debit Unearned Rent and credit Rent Revenue, $7,500. & debit Cash and credit Unearned Rent, $10,500 2 Ulisse Company received $0,400 on April 1, 2019 for one year's rent in advance and recorded the transaction with a credt to a nominal account. The December 31, 2010 adjusting entry is a. debit Rent Revenue and credit Unearned Rent, $1,600. b. debit Rent Revenue and credit Unearned Rent, $4,800 & debit Unearned Rent and credit Rent Revenue, $1,600 ddebit Unearned Rent and credit Rent Revenue, $4,800. 3 Gassan Company paid 3.600 on June 1, 2019 for a two-year insurance policy and recorded the entire amount as Insurance Expense. The December 31, 2019 adjusting entry is a debit Insuranco Exponse and credit Prepaid Insurance, 1,050. b. debit Insurance Expense and credit Prepaid Insurance, 2,550. Q. debit Prepaid Insurance and credit Insurance Expense, 1,050 d debit Prepaid Insurance and credit Insurance Expense, 2,550 Saci Corporation had revenues of $200,000, expenses of $120,000, and dividends of $30,000. When Income Summary is closed to retained Earnings, the amount of the debitor credito Retained Earnings is a a debit of $50,000 b debit of $80 000 Q. orodt of $60,000 d credit of $80,000 4 ) s e 27 Participants Chat Share Screen Record Reactions