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FAR- JEs > F5: Leases, Liabilities, and Bonds > Flashcards

F5: Leases, Liabilities, and Bonds Flashcards

1
Q

Lease Rent Expense

A

Rent Expense

Cash/rent payable

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2
Q

Lease Rent Expense if free/reduced rent

A 
-During free/reduced:
Rent Expense
           Rent payable
-After free/reduced over:
Rent Expense
Rent Payable
           Cash/rent payable
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3
Q

Rental Income

A

Cash/Rent Receivable

Rental Income

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4
Q

Refundable Security Deposit

A

Cash

Refundable deposit

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FAR- JEs (4 decks)

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