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{"id":357,"date":"2024-06-21T17:39:09","date_gmt":"2024-06-21T17:39:09","guid":{"rendered":"https:\/\/nouvellesdejeu.com\/?p=357"},"modified":"2025-02-23T13:47:51","modified_gmt":"2025-02-23T13:47:51","slug":"journal-entries-for-rent-accruals-2","status":"publish","type":"post","link":"https:\/\/nouvellesdejeu.com\/journal-entries-for-rent-accruals-2\/","title":{"rendered":"Journal Entries for Rent Accruals"},"content":{"rendered":"

\"rent<\/p>\n

On the 1 of January they pay an advance of $6,000 to cover the first three months of the year. When an organization makes a large payment that covers several months, it could be considered a remeasurement of the Lease Liability and ROU Asset and should be accounted for as such. Hit Company needs to pay the Liability and Security deposit per the above rules. Hit company pays the Security deposit now and will get that as a refund at the end of rental tenure. So, the Security deposit is receivable, and Cash from Bank will be paid.<\/p>\n<\/p>\n