Paid six months of rent $4 800
Web10. On July 1 the Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by the Fisher Shoe Store is: a. debit Rent Expense, $24,000; credit Prepaid Rent, $4,000. b. WebApr 13, 2024 · “@Pumpernickel500 I know a GP trainee (deemed junior dr) that was 6 months away from completing her training, but she couldn’t afford to pay 6 months rent upfront after paying for £2000 in exam fees. Luckily her landlord relented, letting her pay monthly, allowing her to complete her exams.”
Paid six months of rent $4 800
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WebPaid $17,000 each asking $5000 each 6- New in box Bluetti eb240 2400wh battery bank new in box paid $1500 Asking $700 G &P swing frame grinder B-272-2 W with variable torque controller VF pack-P1 $1000 Performax belt sander 22-44 $1000 Stainless tables 24x48 two tier $200 24x48 two tier round edge $200 30x60 two tier $275 30x72x43 tall single top … WebNov 30, 2024 · In Johnson v Old the tenant, Mrs Old, entered into a six-month assured shorthold tenancy and paid a deposit of £1,425 together with rent in advance for the full six months. When six months were over Mrs Old entered into a new six-month assured shorthold tenancy, which again provided for a deposit and six months’ rent in advance.
Web13 likes, 4 comments - Move Abroad and Thrive (@cartess.ross) on Instagram on March 18, 2024: "I’ve been a lil quiet, but I’m still moving abroad... Check it out ... WebMar 6, 2024 · The security deposit is usually equal to one month’s rent and is returned to the tenant at the end of the lease. Considering the previous example, a tenant would have to put a total of $4,800 ...
WebSpeedy Laundry Company, Inc. paid $3,700 for monthly rent on a building and laundry equipment. Prepare the general journal entry to record this transaction. A company paid … WebIllustration of Prepaid Rent. Assume a two-month lease is entered and rent paid in advance on March 1, 20X1, for $3,000. By March 31, 20X1, half of the rental period has lapsed, and financial statements are to be prepared. The following entries would be needed to record the transaction on March 1, and adjust rent expense and prepaid rent on ...
Web21 hours ago · An advertisement in Thessaloniki is offering a businessowner a shop to use for six months without paying rent! The post, indicative of the situation the Bit Bazar …
WebApr 2, 2024 · How to Account for Unearned Rent. To account for this unearned rent, the landlord records a debit to the cash account and an offsetting credit to the unearned rent account (which is a liability account ). In the month of cash receipt, the transaction does not appear on the landlord's income statement at all, but rather in the balance sheet (as ... greylock federal credit union in adamsWebBusiness Accounting Paid six months of rent, $4,800. 10 Apr. 1 Received $1,200 from customer for six-month service contract that began April 1. 15 Purchased a computer for … field edge road barrow upon soarWebJan 5, 2024 · Paid six months of rent, $4,800. 10. Received$1,200 from customer for six-month service contract that began April 1 . 15. Purchased a computer for $1,000. 18. … fieldedge salaryWebDec 31, 2024 · Question: ABC Company prepaid its rent for six months at $4,800 on January 1, 20X1. On May 31, 20X1, what is the adjusting entry required by ABC Company on its … fieldedge trainingWebJan 28, 2024 · For example, if the rent was £400 per month, you could ask a tenant to pay three months’ rent upfront (3 x £400 = £1200), but the tenancy agreement could not make a tenant liable (responsible) to pay £1200 in the first month and then £400 every month after that. 1 Like. A_A January 29, 2024, 5:33pm 10. ’the tenancy agreement could not ... fieldedge training academyWebIf you break the lease within the first year, you must pay a penalty of three months’ rent. During the second year, the penalty is reduced to two months’ rent, and during the third year to one month’s rent. After the third year, there’s no … greylock federal credit union in hudsonWebMar 9, 2024 · Governed by NCGS § 42-46 which states that for leases where the rent is due on a monthly basis, the late charge may be no more than 5% (or $15 whichever is larger). However, if the lease is a week to week lease, 5% or $4.00 whichever is greater may be collected. North Dakota. greylock federal credit union insurance