Business, 11.06.2020 03:57 nommies005

17 A property company received cash for property rentals totalling $738,400 during the
year to 31 December 2009. Figures for rent received in advance and rent in arrears at
the beginning and end of the year were as follows.
31 December 2008
31 December 2009
Rent received in advance
125,300
77,700
Rent in arrears
(all subsequently paid, no bad debts)
39,600
41,100
What amount should appear in the company's income statement for the year ended 31
December 2009 for rental income?

Answers: 2

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Answers

Answer from: vaeh41

$764,400

Explanation:

Payment in advanced are prepayment which are treated as current liability until the service is delivered and sales income are credited while the .prepayment account are debited.

Accrual payment are payment for service already delivered which are current liability (receivables)

Rental income received = $738,000

Rent in advance as at 31/12/2008 102,600

(prepayment for 2009)

Rent in advance as at 31/12/2009 (77,700)

Prepayment for 2010

Rent in arrears as at 31/12/2008 (39,600)

Accrued payment for 2008

Rent in arrears as at 31/12/2009 41,100

Recognized income 764,400

Answer from: Quest

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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Answer from: Quest

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.

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17 A property company received cash for property rentals totalling $738,400 during the
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