Professional Documents
Culture Documents
A = L + SE
Prepaid Rent
+6
Cash
-6
Journal entry:
Prepaid Rent 6
Cash 6
A = L + SE
Prepaid Rent Rent Expense
Rent used –3 = –3
Journal entry:
Rent expense 3
Prepaid Rent 3
A = L + SE
Cash Air traffic liability
Unearned Fee Revenue 2 = 2
Journal entry:
Cash 2
Air traffic liability 2
A = L + SE
Air traffic liability Air traffic
Revenue
Air traffic revenue = -1 +1
Journal entry:
Air traffic liability 1
Air traffic Revenue 1
e. Loan Receivable = $30
A = L + SE
Air traffic liability Air traffic
Revenue
Air traffic revenue = -1 +1
Journal entry:
Air traffic liability 1
Air traffic Revenue 1