General Ledger - Rent Bill Journal Entry In the month of Dec-2016, received the rent bill for the following months of Jan-16 to Mar-16. but the payment will happen in the month of Mar-16. What is the Journal has to post in the month of Dec-16.. 8 Answers
On April 1, you will post a debit entry to the rent receivable account for $800 and post a corresponding credit entry to the rental revenue account for the same amount. However, once you receive the rental payment, you decrease the rent receivable account with an $800 credit entry and ...
The journal entry is pretty straightforward. Debit: Security Deposit Liability Credit: Rental Income If you are speaking of how to do it within a given software I would need to which one specifically and probably actually see what you are talking about. ...
Make a general journal entry in which you debit the rent expense account for the monthly rent payment determined in step 2 and credit deferred rent expense, a liability account, for the same amount. Repeat step 3 for each month during which you are granted free rent. Tip At the end of y...
Let Vr(γi,r,θ) and Zr(γi,r,θ) be the expected values of living in a house and searching for a house,17 respectively, to the households of type i applying to any given contract, w with rental payment for that type of r. θ=θ(w) is the market tightness associated with the...
Owners have a lower user cost of capital, but must save for a downpayment to purchase a house. Rent control results in low-quality housing being built, but no shortage in the number of units. The model predicts a decline in the utility of all households, including renters. This result ...
They all advocate, and the legislation mandates, a Federal board (the Independent Payment Advisory Board, or IPAB) that will approve forms and levels of care, and the suitability of patients to receive the care. In 2009, when Sarah Palin labelled such a board a "death panel," this was ...
A missed dividend payment never has to be paid if the preferred stock is cumulative. a. True. b. False. A payable involves a future receipt of cash. True or False. In recording the adjusting entry for accrued taxes, both accounts involved are increased. A. True B. Fal...
Analysis of Game Theory on "Online Transaction, Offline Payment" in B2B Based on the Context of Chinese "Guan Xi" Culture It is reported that only 3% of total Web users via B2B in China have bought online in 2005, most transactions via B2B were in the pattern that can be descr... Y...
When a business leases premises such as an office, retail store or factory building, the rent is generally due in advance for the month or quarter covered by the rent payment. For example, June's rent may be due on May 31 or June 1. Many businesses pay rent by check. This means they...