Business, 06.10.2019 08:00 ablikids3

Videobusters, inc. offered books of video rental coupons to its patrons at $40 per book. each book contained a certain number of coupons for video rentals. during the current period 500 books were sold for $20,000, and this amount was credited to unearned rental revenue. at the end of the period, it was determined that $15,000 worth of coupons had been used by customers to rent videos. the appropriate adjusting entry at the end of the period would be:
a. debit rental revenue $5,000 and credit unearned rental revenue $5,000.
b. debit rental revenue $15,000 and credit unearned rental revenue $15,000.
c. debit unearned rental revenue $5,000 and credit rental revenue $5,000.
d. debit unearned rental revenue $15,000 and credit rental revenue $15,000.

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Videobusters, inc. offered books of video rental coupons to its patrons at $40 per book. each book c...

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