Solution: A landlord should report rent collected in advance as a debit to Cash and a credit to: a) A liability. b) An asset other than Cash. c) A revenue. d) An owners' equity.

Problem

A landlord should report rent collected in advance as a debit to Cash and a credit to:

a) A liability.

b) An asset other than Cash.

c) A revenue.

d) An owners' equity.