Fragmental co. leased a portion of its store to another company for eight months beginning on october 1, at a monthly rate of $800. fragmental collected the entire $6,400 cash on october 1 and recorded it as unearned revenue. assuming adjusting entries are only made at year-end, the adjusting entry made by fragmental co. on december 31 would be:

Answers

Answer 1

The adjusting entry on December 31 for Fragmental Co. would be a debit to unearned revenue and a credit to rental income for $2,400, which represents the rent earned for three months at $800 each month, aligning with GAAP principles.

The adjusting entry made by Fragmental Co. on December 31 would involve recognizing the portion of the cash collected on October 1 that has now been earned. Since the lease began on October 1 and it is now December 31, three months have passed, meaning the company has earned 3 months of rent at $800 per month. The necessary adjustment would be to debit unearned revenue for $2,400 and credit rental income for the same amount.

The journal entry would look like this:

Debit Unearned Revenue: $2,400Credit Rental Income: $2,400

This entry moves the earned portion of the pre-collected rent from a liability account (Unearned Revenue) to an income account (Rental Income), aligning with the revenue recognition principle required by GAAP.


Related Questions

Linda and her mom would like to purchase the best quality printer available to consumers. they decide on a(n) ____ printer.

Answers

The answer to this question is: Laser printer
Laser printer is the type of printer that provides the highest quality result with the least amount of time today.
Laser prints utilized laser beam technologies over negatively charged cylinder in order to duplicate every image that placed on top of it.
Laser printer is the answer hope i helped

One of the major advantages of the _____ scientific method is that it allows investigation in natural surroundings

Answers

Psychologists and other social scientists commonly use naturalistic observation as their research method. In this technique, the subjects are observed while they are in their natural environment. This technique is utilized in different situations that hinder the scientists in doing their tests in their laboratories. These situations are those unrealistic, cost prohibitive or would unduly affect the subject's behavior. This technique lets the scientists observe the natural behavior of people who are unaware of observation. The researchers in this technique will be able to study things that cannot be manipulated in a lab due to ethical concerns. The external validity of research is supported in this method. There is a clear line between saying that the findings of a lab study will generalize to a larger population and to actually observe those findings happening in a natural setting.

Do you think the provision
of paid sick leave is an ethical issue? why or why not? 2. do you think managers and organizations should provide workers with paid sick leave on ethical grounds? why or why not? 3. which stakeholder groups might be affected by paid sick leave, and how? 4. what might be some implications of the increasing diversity of the workforce for paid sick leave?

Answers

During these difficult times, I believe workers should be paid sick days because it is the right of the workers to be paid during sick days. One reason I believe that workers should be paid is because It allows the employee to take some downtime for self-care and healing. In the text it states “For these 34 million workers without paid sick days, getting sick means having to choose between taking the day off to get well and losing a paycheck—or going into work sick and risking the health of themselves, their colleagues, and their community.” Paid sick leave provides the time employees need to seek medical care for their current illness when needed.

Explanation:

In regards to job engagement, having a good manager they enjoy working for and ________ were found to be the top causations. feeling appreciated by one's supervisor being paid what they feel they are worth socializing with one's coworkers getting timely promotions having flexible work schedules

Answers

The answer is the first one " feeling appreciated by one's supervisor". Feeling increased in value by one's manager is likewise a best pointer; in any case, there are no evident markers of employment engagement that can be reliably found. 
With respect to work engagement, having a decent administrator they appreciate working for and feeling increased in value by one's boss was observed to be the best causations.

Your older sister deposited $2,000 today at 6.5 percent interest for 5 years. you would like to have just as much money at the end of the next 5 years as your sister will have. however, you can only earn 6 percent interest. how much more money must you deposit today than your sister did if you are to have the same amount at the end of the 5 years? $32.19 $47.62 $38.78 $40.21 $53.39

Answers

The future balances will increase to (initial balance) x ( (1 + interest rate) ^ (# of years compounded) ) For your older sister, this is 2000 x ( 1.065 ^ 5), where ^ means 'raised to the power'. For you this is B x ( 1.06 ^ 5) At end of 5 years, sister has $2000 x 1.037 = $2740.17 you have B x 1.33823. So, in order to end up with the same balance as sister, B x 1.33823 must = $2740.17, or B = $2740.17 / 1.33823 B = 2047.62 must be your approximate initial balance. So, the answer is $47.62 is how much more money must you deposit today.

In the disciplinary action process, what must occur immediately after management establishes rules?

Answers

The rules need to be communicated, clearly, to employees. The employees will not know what the boundaries and expectations are of them if they're not made aware of these rules. By laying out exactly what is needed and required, the management can make sure that everyone is on the same page and understands the lines that they can operate within.

If sales increase to 1,001 units, what would be the increase in net operating income

Answers

Contribution Margin Per Unit (a) = $9.60 per unit
Increase in Unit Sales (b) = 1 unit
Increase in Net Operating Income
 (a) X (b) = $9.60 X 1 = $9.60

There will be a $9.60 increase in Net Operating Income if sales increase in 1 ,001 units.

Operations and supply chain management is concerned with the design and management of the entire system that has what function?

Answers

The function that they had is Produces a product or delivers a service. Supply chain management is a complex system that organizes the flow of goods and services.
The main purpose in creating this supply chain is to make sure that the company will be able to deliver their selling products to as many potential consumers as possible

A reason an automobile engine is not considered to be living is that it is not able to

Answers

Something is classified as alive if it can move independently, metabolize fuel, and reproduce on its own.  An automobile does not move independently, nor can it reproduce itself, so you can't classify it as living. It cannot be classify as living because it is not able to make copy of itself.

Pricing decisions based only on revenue considerations often result in an increase in overall profitability.
a. True
b. False

Answers

The ANswer is False please

Select all that apply.
Select the factors included in the Human Development Index.
a) how long people are expected to live from birth
b) how many people go to school
c) type of government
d) how many adults can read

Answers

A. how long people are expected to live from birth. 
B. how many people go to school. 
D. how many adults can read.
A, B and D. The government doesn't really have anything to do with human development

being able to ______ is a key benefit for those who study management

Answers

Being able to handle, control or even manage is one of the key benefit for those people who are studying management because studying management is more on focusing about factors and variables into how a person will manage them or control them with the decisions that they implement on.
Final answer:

Studying management allows individuals to gain valuable skills such as effectively leading and coordinating teams, decision-making, and problem-solving. These are all critical in running successful businesses. Additionally, these skills are applicable in various life activities.

Explanation:

Being able to effectively lead and coordinate teams is a key benefit for those who study management. Management students learn crucial skills such as decision-making, problem-solving, planning, delegation and communication, all of which are paramount in running successful teams and businesses. For example, in a business setting, a manager might use their planning and delegation skills to assign tasks efficiently and maximise productivity. This management skillset is not only beneficial within the business sphere, it is also valuable in many other areas of life, enabling individuals to organise and manage various activities successfully.

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When a defendant finishes introducing evidence, the trial is concluded.​?

Answers

This is false. After that part of the trial there comes a rebuttal. That is the part of the case where the plaintiff's attorney presents their own evidence that is supposed to rebuke or counter the evidence presented by the defendant. This can then go on and on indefinitely and is one of the reasons why civil cases last extremely long.

Stone roses candies paid employee wages on and through friday, january 26, and the next payroll will be paid in february. there are three more working days in january (29–31). employees work 5 days a week and the company pays $1500 a day in wages. what will be the adjusting entry to accrue wages expense at the end of january?

Answers

The adjusting entry to be made to accrue wages expense at the end of January will be:


( Computation for the accrued salaries: 1,500 x 3 = 4,500)


Debit

Salaries and Wages Expense 4,500


Credit

Salaries and Wages Payable 4,500

 

At the next payday which is February 2, the entry would be:

Debit

Salaries and Wages Payable 4,500

Salaries and Wages Payable 3,000


Credit

Cash 7,500


An early method of interrogation was ______, which included brutalizing an individual to gather information.

Answers

Third degree - Euphemism for torture. However, its origins are unknown. Modern Reid technique is believed to be a psychological version of third degree. It entailed taking a suspect through different modes of physical stress and pain. This was aimed at forcing confessions or admission of guilt from the suspect.

In 2017 grider corporation had cash receipts of $35,000 and cash disbursements of $20,000. grider's ending cash balance at december 31, 2017 was $65,000. what was grider's beginning cash balance?

Answers

To find the beginning balance, the equation would be "x + 35,000 - 20,000 = 65,000". In other words, the company began with "x" dollars, added 15,000, and ended with 65,000. "x + 15000 = 65000" gives a beginning cash balance of 50,000 dollars.

Final answer:

To calculate Grider Corporation's beginning cash balance for 2017, we subtract the cash receipts and add the cash disbursements to the ending cash balance. Using the provided figures, the beginning balance is calculated to be $50,000.

Explanation:

The student is asking how to calculate the beginning cash balance of Grider Corporation for the year 2017, given certain financial information. To find the beginning balance, we use the formula Ending Cash Balance = Beginning Cash Balance + Cash Receipts - Cash Disbursements. Considering the details provided, we have an ending balance of $65,000, cash receipts of $35,000, and disbursements of $20,000 for the year 2017. Rearranging the formula, we get Beginning Cash Balance = Ending Cash Balance - Cash Receipts + Cash Disbursements.

Substituting the given values, the calculation would be: $65,000 (ending balance) - $35,000 (cash receipts) + $20,000 (cash disbursements) = $50,000. Therefore, the beginning cash balance for Grider Corporation in 2017 was $50,000.

The Federal Application for Student Aid (FAFSA) form:
AIs the free application for federal student aid.
BCan only be submitted by mail.
CIs only used to apply for federal subsidized loans.
DIs only used to apply for federal unsubsidized loans.

Answers

Option A (is the free application for federal student aid) is correct

FAFSA is a free online application form that can be filled to get determine the eligibility for student financial aid. Federal student aid offers numerous different kinds of aid for example Pell Grant, Stafford loan, Federal Perkins loan, Federal work-study Program etc. There is a specific eligibility criterion that a student should meet to get financial aid.

Final answer:

The FAFSA is a free application for federal student aid, used to apply for a broad range of financial aid programs, including federal grants and loans, not just subsidized or unsubsidized loans, and it can be submitted online.

Explanation:

The correct answer to this question is 'A. The Federal Application for Student Aid (FAFSA) form is the free application for federal student aid.' The FAFSA is a comprehensive form that students complete to apply for financial aid, including federal grants and loans. It is not just used to apply for federal subsidized or unsubsidized loans but considers eligibility for a wider range of federal, state and institutional financial aid programs. Also, it is not exclusively delivered by mail. One can complete and submit it electronically on the Department of Education’s website.

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The ________ is a sequence of activities that determine the earliest date by which a project can be completed.

Answers

The critical path is a sequence of activities that determine the earliest date by which a project can be completed. 

Answer:  The correct answer is :  The critical path

Explanation:  An activity on the critical path cannot be started until the previous activity has been completed. Critical route analysis is the process by which project managers compress the schedule, moving resources, normally changing people from non-critical route tasks to critical route tasks.

The subject of quentin massys's money changer and his wife (fig. 22-23) concerns itself with the challenges of __________.

Answers

The challenges of the use of images in christian worships. Then the most important is living a christian life in a wordly society in their life. Then the punishment of sins is the important challenge of their life. The last one thing is the parable of the good samaritan.

Donna, a chef in a fine restaurant, utilizes top-of-the-line equipment as she prepares meals for customers. donna and her equipment are a(n) ______ in the restaurant's system.

Answers

Donna and her equipment are considered to be an input in the restaurant's system because they are the factors that contributes to the system of how it will function and how it will continue to work as input is important in every system for it to progress and to start it from working.

How many days will it take for a sum of $1300 to earn $16 interest if it is deposited in a bank paying simple interest at the rate of 4%/year?

Answers

The formula is
I=prt
I interest earned 16
P principle 1300
R interest rate 0.04
T time t/365days
16=1300×0.04×(t/365)
Solve for t
T=(16÷(1,300×0.04))×365
T=112.3 days round your answer to get 112 days

Hope it helps!

Debating the speaker in your mind while he or she talks is a poor listening behavior.

True
False

Answers

Hi Maggie78 

The answer for this question would be A) True or the first option because how can you be listening to the speaker talking while you're going against everything he or she is saying through your own head, yes its true you can be HEARING the speaker, but you really aren't LISTENING to the speaker, so yes its a poor listening behavior.

Hi there!

The answer to your question is true. If you are debating the speaker in your mind you are not listening to what they have to say.

Checking account a charges a monthly fee of $10 and a per-check fee of $0.10, and checking account b charges a monthly fee of $12 and a per-check fee of $0.05. how many checks would a person have to write for the two accounts to cost the same?

Answers

Checking account charges a monthly fee of $10 and a per-check fee of 30.10, and checking account b charges a monthly fee of $12 and a per-check fee of $0.05, therefore it would take 40 checks for a person to write for the two accounts to cost the same.

What is a checking account?

A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines (ATMs), and electronic debits, among other methods.

A checking account differs from other bank accounts in that it often allows for numerous withdrawals and unlimited deposits, whereas savings accounts sometimes limit both. A checking account is beneficial for anyone who wants to make frequent withdrawals or transactions from a bank account.

Setting up a checking account is generally very easy: You can apply online, or visit a bank branch, and get a checking account within an hour.

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As explained in the individual in a networked world: two scenarios, the metaverse will be a combination of:

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In regards to individual networking and the atmosphere in which it will take place in the future, the metaverse refers to the concept of people networking and connecting both in person face-to-face, but also in their digital and technological interactions online.

The metaverse will be a combination of multiple technologies namely: virtual reality, augmented reality, and video. Essentially, it is a digital universe.

Who created the Metaverse?

The first person to coin the word Metaverse is a Science Fiction writer called Neal Stephenson. In 1992, he used the word Metaverse to describe three-dimensional virtual space.

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An american cola-manufacturing company that primarily targets rebellious and adventurous people most likely uses ________ segmentation.

Answers

the answer to this question is psychographic segmentation
psychographic segmentation refers to a strategy to divide company's target market into several segments based on personality traits, lifestyle, attitude, value, and interests of the consumers.
After the division, the company then could construct a certain product or advertising that target that specific segment of consumers.

On friday, niles sold $3.25 more than twice what she sold on thursday. she sold $20.25 friday. how much did she sell thursday?

Answers

I think it would be 30

A decrease in price of good x has occurred. in the market for good​ y, this will lead to

Answers

This will lead to an increase in price and an increase in quantity if Good X and Y are complementary goods.
Complementary goods refers to the goods that commonly used together (such as stove and gas). When the price for one part of complementary goods fall, the sellers usually will match it up by increasing the price of the other in order to maintain the profitability

Your unique combination of attitudes, behaviors, and characteristics make up your?

Answers

lifestyle hope this halps!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Your combination of attitudes, behaviors, and characteristics make up your personality, which is unique for each individual and shaped by a mix of dispositional traits and life experiences.

Your unique combination of attitudes, behaviors, and characteristics make up your personality. Personality is the individual's unique variation of dispositional traits, characteristic adaptations, and integrative life stories, all situated within a cultural context. It constitutes the identifiable and relatively stable aspects of your character that set you apart from others. These aspects include personality traits, physical characteristics, abilities, values, goals, and roles.

Personality traits are core to each individual's self-concept, influencing what a person values, their thoughts and feelings on various subjects, their preferred activities, and how they act and interact with others on a daily basis. This can also manifest differently depending on context, showing variability based on social roles or cultural affiliations.

It's essential to acknowledge that personality develops over time, integrating temperament with one's experiences and environmental influences, becoming particularly evident as someone grows into adulthood.

Can you perform all the essential functions of the job with or without reasonable accommodation? yes or no

Answers

Reasonable accommodation can be any adjustment or change to a workplace environment. It permits a a top notch participant that got there, with or without a disability to participate in the job application process, to perform the essential functions of a job. So yes you can perform all the essential functions of a job with or without reasonable accommodation, it's just if you choose to go down that path.

Brainliest if deserved

Final answer:

Organizations can create a better work environment for disabled employees through reasonable accommodations and supportive relationships.

Explanation:

Yes, organizations can create a better work environment for employees with disabilities by implementing reasonable accommodations such as modifying schedules, reassigning nonessential job functions, and offering flexible work hours. Supportive relationships with supervisors and colleagues play a crucial role in making employees with disabilities feel valued and included. These accommodations could be in the form of modified work schedules, reassignment of nonessential job tasks, or the provision of special equipment. Creating a supportive work environment includes having flexible work hours, understanding and supportive supervisors, and proactive efforts to foster good relationships despite initial barriers such as visible differences. Furthermore, fair performance evaluation for employees with disabilities should be ensured by adapting tests or evaluation procedures to suit their capabilities.

When comparing data measured by substantially different scales, we must use:?

Answers

the answer to this question is standardized data values.
 standardized data values. refers to the set of rules in creating data that could be acknowledged anywhere in the world.
Following standardized data values will help in knowledge development because it makes researchers around the world able to synchronize their research with one another.

Other Questions
_____ is the loss of memory of personal information that is thought to stem from psychological conflict or trauma. Mr. Weber drives to a landscape supply center to buy sand and gravel. He needs at least 2 lb of sand. The amount of gravel he will buy will be at least twice the amount of sand he will buy. The center has 6 lb of sand and 13 lb of gravel in stock.The graph shows the feasible region, where x represents the number of pounds of sand and y represents the number of pounds of gravel.Which ordered pairs meet all the constraints and make sense in the context of the situation?Select each correct answer.(2 1/2,10)(3,12)(4,6)(5,8 1/2) the price of a pack of gum today is 63 cents. this is 3 cents more than three times the price ten years ago. what was the price ten years ago? Snea works as an engineer and her brother is an accountant. according to gardner, they are both most likely strong in _____ intelligence. The revision in 1994 of the gatt clearly defined intellectual property rights in order to Hat were the greatest challenges in developing the constitution? how were these challenges resolved? Identify any solutions to the system given below.2x + y = 53y = 15 6x A(6, 7)B(2, 1)C(2, 9)D(4, 13) A certain ore is 29.9% nickel by mass. How many kilograms of this ore would you need to dig up to have 75.0 g of nickel? Juan's baseball card collection was worth 800$. Over the last 5 years,thw collection decreased $300 in value. What integer representa the average decrease in value each year. According to the first resource, how did the Electoral College vote compare with the popular vote in the 2000 election? How might this illustrate an issue of the Electoral College? PLEASE HELP!Which statements accurately describe northern Italian Renaissance city-states?Choose ALL answers that are correct.(1 Italian city-states in the Renaissance were republics led by powerful merchant families.(2 Early Renaissance city-states were generally well-planned and orderly.(3 Renaissance cities were centers of commerce and craftsmanship.(4 A major problem in many early Renaissance cities was the poor quality of goods produced by craftsmen with nooversight or standards. What are 5 examples of personification from the book the outsiders. If a couple has two children, what is the probability that both are boys? assume that it is equally likely that a child is a boy or girl. List the principles of design. (3ft = 1yard) how many yards are in 81 feet ? What is the lutheran church missouri synods stance on reincarnation>|? Which of the following statements best explains the connection between the social status of women and a countrys overall health? A. Women who enjoy a higher social status are usually less educated than women of a lower social status. B. Women who enjoy a higher social status are usually more educated than women of a lower social status. C. Women who enjoy a higher social status are likely to have far more children than women of a lower social status. D. Women who enjoy a higher social status are less likely to have healthcare resources than women of a lower social status. Joe practiced his trumpet 3/4 hour on Monday and 7/12 hour on Tuesday. How long did he practice altogether Two ways 5 people can share a 3 segment chewy worm which word has the most similar definition to the Spanish word generoso?a. generous b. gaudyc. generallyd. gene Steam Workshop Downloader