The balance in the prepaid rent account before adjustment at the end of the year is $15,228, which represents 9 months' rent paid on december 1. determine the adjusting entry required on december 31.

debit rent expense, $13,536, credit prepaid rent, $1,692
debit rent expense, $1,692, credit prepaid rent, $1,692
debit prepaid rent, $13,536, credit rent expense, $1,692
debit prepaid rent, $1,692, credit rent expense, $1,692

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?