Complete one order of $500 or more to qualify for credit building with Perpay. The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is: A) $2,800 B) $700 C) $3,500 D) $1,750 41. The amount of prepaid rent that would appear on the January 31 balance sheet after adjustment is Make automatic payments. Kick back and relax while you automatically pay over time for your order with a small amount from each paycheck. The company’s monthly rent is $700. For property managers, RentPayment streamlines your payment process. The company’s monthly rent is $700. Once empowered with RentPayment, you can collect rent on time, reduce collection costs, and deposit directly into your account. C) Paid cash in advance for services to be done. The company's monthly rent is $1,000. Gracie, Inc. made a prepaid rent payment of $2,800 on January 1. How is prepaid rent identified The amount of prepaid rent that would appear on the January 31 balance sheet after adjustment is:_____. Form 1099 Rent Filing Requirement You must issue Form 1099-MISC to each individual and business that your company paid rental income in excess of $600 during a calendar year for property or space. What type of accounts are depreciation expense and accumulated depreciation? Expense; contra asset 15. Payments made before 5:00 PM EST will be credited the same day. Activate credit building and get rewarded with each payment you make! $2,100. Prepaid expenses represent expenditures Expenditure An expenditure represents a payment with either cash or credit to purchase goods or services. However, property lease or rent payments made to corporations and real estate agents do not necessitate a 1099. Gracie Inc made a prepaid rent payment of 2800 on January 1 The companys Strayer University ACCOUNTING 26 - Spring 2019 ACCOUNTING 26TH EDITION BY WARREN -TEST BANK.docx. Grow your credit score. Gracie, Inc. made a prepaid rent payment of $2,800 on January 1. The amount of prepaid rent that would appear on the January 31 balance sheet after adjustment is 14. An expenditure is recorded at a single point in that have not yet been recorded by a company as an expense, but have been paid for in advance. $700. Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st. Prepaid … You can pay your rent by calling NYCHA’s Phone Payment System at 1-877-481-9947. Theamount of prepaid rent that would appear on the January 31 balance sheet after adjustment is. b. Prepaid 12 months' insurance on October 1 by paying $4,200. Accumulated Depreciation and Depreciation Expense are classified, respectively, as. D) Paid cash for services to be performed. The company's monthly rent is $700. Gracie, Inc. made a prepaid rent payment of $4,000 on January 1. 254 pages. Example: Gracie, Inc. made a prepaid rent payment of $4,000 on January 1. The amount of prepaid rent that would appear on the January 31 balance sheet after adjustment is 6. Payments made after 5:00 PM EST will be credited the next business day. 40. Payments made on weekends and federal holidays, when banks are closed, will be credited on the next business day. 89. Gracie, Inc. made a prepaid rent payment of $2,800 on January 1. c. $2,800. Prepaid rent was debited for the amount paid. The company’s monthly rent is $1,000. a. Exercise 3-50 Prepayment of Expenses JDM Inc. made the following prepayments for expense items during 2013; a. Prepaid building rent for 1 year on April 1 by paying $6,600. Build payment history. 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