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NEW QUESTION: 1
You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?
A. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
B. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
C. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28th, Debit Rental Expense for
4,000 and Credit Prepaid Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability for 12,000
Answer: C
NEW QUESTION: 2
What is the function of a Virtualized Services Gateway (VSG)?
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B. To extend a data center to the internet.
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D. To enable MPLS over GRE tunneling
Answer: C
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You are creating a document from Microsoft Word 2007. Which should you choose in order to customize which paragraphs will automatically become bookmarks?
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B. In the Insert tab, in the Links group, click Hyperlink
C. In the Acrobat tab, in the Create Adobe PDF group, click Preferences
D. In the Acrobat tab, in the Review and Comment group, click Acrobat Comments
Answer: A
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