WebThe unused portion of rent paid in advance. a. Prepaid rent b. Rent expense c. Cash d. Inventory 4. Salaries earned by employees but not yet paid. a. Salaries expense b. Salaries payable c. Employee points d. Employee credits 5. Salaries earned by employees, whether paid or not. a. Salaries expense b. Salaries payable c. Employee points d. WebThe unused portion of rent paid in advance. a. Prepaid rent b. Rent expense c. Cash d. Inventory 4. Salaries earned by employees but not yet paid. a. Salaries expense b. Salaries …
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WebAdjustments are necessary for the following items: Portion of prepaid rent applicable to January, $2, Depreciation for January, $1, Portion of fees collected in advance earned in January, $3, Fees earned in January, not yet billed to customers, $1, Brief Exercises 165. Net income for January is: a. $10,560 c. $7, b. $17,070 d. Some other amount WebAug 10, 2024 · Rent guarantee insurance is a service for landlords that covers their rental income in the case that the tenant can no longer pay. This type of insurance can cover as …
WebADVANCE RENTAL. Upon the execution hereof, Tenant shall pay to Landlord, 1) advance rental ( applied to the first month ’s Rent and Additional Rent) in the amount of $ 8,815.00 and 2) the security required hereunder in the amount of $22,100.00, for a total of $30,915.00. Sample 1 Save Copy WebFor my mom, when she was in IL, the contract was 30 days advance notice and rent was due for a full 30 days whether she stayed there 30 days or only 2 days. Some places have it as 60 days notice. The only way it was waived was if the resident was moving within the overall corporation's facilities.
WebPayment of Additional Rent (1) Within ninety (90) days of the end of the Base Year and each Computation Year or as soon thereafter as practicable, Landlord shall give to Tenant notice of Landlord’s estimate of the total amounts that will be payable by Tenant under Paragraph 4.02(a) for the following Computation Year, and Tenant shall pay such ... WebMay 3, 2024 · Rent is commonly paid in advance, being due on the first day of that month covered by the rent payment. The landlord typically sends an invoice several weeks early, so the tenant issues a check payment at the end of the preceding month in order to mail it to the landlord and have it arrive by the due date.
WebIf the tenant gets orders from the military, the landlord has to return the security deposit and any rent paid in advance. Even in Texas. ... That way if a problem with the home occurs (i.e., mold or flood), and the tenant vacates, you can pay them back the unused portion.
WebAfter making the entry, the balance of the unused Service Supplies is now at $600 ($1,500 debit and $900 credit). Service Supplies Expense now has a balance of $900. Now, we've … floating lotus flower shower curtainWebMar 13, 2024 · Prepaid expenses are future expenses that are paid in advance and hence recognized initially as an asset. As the benefits of the expenses are recognized, the … floating lotusWebJan 20, 2024 · Below is an example of a journal entry for three months of rent, paid in advance. In this transaction, the Prepaid Rent (Asset account) is increasing, and Cash (Asset account) is decreasing. Debit Credit; Prepaid Rent: $750 : ... Originally part of the CARES Act, the Employee Retention Tax Credit (ERTC) helped businesses stay open through the floating lotus dressWebAug 23, 2012 · Never heard of anybody paying rent two years in advance. But, yes, if there is a reason. The landlord surely would have to pay back the unused portion of rent, but, if the tenant is violating the lease, he can be evicted. Serious violations, like damaging the premises, selling drugs, running a house of prostitution, setting the place on fire, having a … floating lotus flowers lightsWebMar 3, 2024 · Similar to the residual value, the payoff amount or early buyout amount is the actual value of the leased car you would pay if you were to buy it before the end of your … floating lotus flowers for poolWeb• If a conference requires that its fees be paid in advance, this should be handled via ProCard or Direct Pay. The Office of Travel Services will no longer provide an advance for conference registration. • Itemized receipt required • No membership dues/t-shirts • Workshops permissible. 9. Travel Advances . 9.1 Requirements great in sweden crosswordWebMay 3, 2024 · Prepaid rent is rent paid prior to the rental period to which it relates. Rent is commonly paid in advance, being due on the first day of that month covered by the rent … great in sweden daily themed crossword