question 3 (3 points)\nunearned rent is what type of account?\nasset\nrevenue\nliability\ncontra…

question 3 (3 points)\nunearned rent is what type of account?\nasset\nrevenue\nliability\ncontra - asset\nquestion 4 (3 points)\nto determine how much merchandise was returned from a companys customers, the company should review the:\npurchases returns and allowances account.\nmerchandise inventory account.\nsales returns and allowances account.\nfreight - in.

question 3 (3 points)\nunearned rent is what type of account?\nasset\nrevenue\nliability\ncontra - asset\nquestion 4 (3 points)\nto determine how much merchandise was returned from a companys customers, the company should review the:\npurchases returns and allowances account.\nmerchandise inventory account.\nsales returns and allowances account.\nfreight - in.

Answer

Brief Explanations:

Unearned rent is money received in advance for rent services not yet provided. It represents an obligation to provide the rental service in the future, so it is a liability. For the second - question, the Sales Returns and Allowances Account records merchandise returned by customers and allowances given to them.

Answer:

Question 3: C. Liability Question 4: C. Sales Returns and Allowances Account