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Exercise 2–9
1.
Interest receivable
($90,000 x 8% x
3
/
12
)
.......................
1,800
Interest revenue
.....................................................
1,800
2.
Rent expense
($6,000 x
2
/3
)
..........................................
4,000
Prepaid rent
............................................................
4,000
3.
Rent revenue
($12,000 x
7
/
12
)
.......................................
7,000
Deferred rent revenue
...........................................
7,000
4.
Depreciation expense
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- Fall '14
- Depreciation, ........., Generally Accepted Accounting Principles
