1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ainat [17]
1 year ago
7

as of december 31, the unadjusted balance in deferred revenue contains $5,600 for unredeemed gift cards. an analysis of the mont

hly sales indicates that $3,200 gift cards were redeemed during the month but not yet recorded. how will these transactions affect the adjustments at the end of the period?
Business
1 answer:
Masteriza [31]1 year ago
6 0

These transaction  will affect the adjustments at the end of the period by:

  • Decrease Unearned Revenue
  • Increase Sales revenue

Since the gift cards was  redeemed during the month which means that Unearned Revenue will have to be  decreased by the costs of gift cards that was redeemed during the month.

Calculated as:

Unearned Revenue=$5,600-$3,200

Unearned Revenue=$2,400  decrease

Since the gift cards was  redeemed during the month which means that  will have  increased Sales revenue by the costs of  of gift cards that was redeemed during the month.

Calculated as:

Sales revenue=$5,600+$3,200

Sales revenue=$8,800 Increase

Inconclusion These transaction  will affect the adjustments at the end of the period by:

  • Decrease Unearned Revenue
  • Increase ​Sales revenue

Learn more here:

brainly.com/question/16202816

You might be interested in
An unusual development in the wake of the 2007-2009 financial crisis was that nominal interest rates on some financial instrumen
bogdanovich [222]

Answer:

c. The real interest rate is 1 percent and the expected inflation rate is minus 2 percent

Explanation:

Nominal interest rate = real interest rate + expected inflation rate.

For the third option, the nominal interest rate: 1% + (-2%) = -1%

For the first option, the nominal interest rate: 2% + 1% = 3%

For the second option, the nominal interest rate: 0 + 2% = 2%

For the fourth option, the nominal interest rate: -2% + 3% = 1%

I hope my answer helps you

4 0
3 years ago
Which of the following is not true in regard to selling fixed assets?
hichkok12 [17]
Your answer is C. Accumulated Depreciation will be credited. :D
5 0
3 years ago
Suppose there is a simple index of three stocks, stock ABC, stock XYZ, and
ValentinkaMS [17]

Answer: -13.4%

Explanation:

3 0
3 years ago
in 1998 fischer corp issued bonds with an 8 percent coupon rate and a 1000 face value. the bonds mature on marc 1, 2023. if an i
ArbitrLikvidat [17]

Answer:

approximate YTM = 7.48%

Explanation:

the approximate yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

approximate YTM = {$80 + [($1,000 - $1,050)/15]} / [($1,000 + $1,050)/2]

approximate YTM = ($80 - $3.33) / $1,025

approximate YTM = $76.67 / $1,025

approximate YTM = 0.0748 ≈ 7.48%

5 0
3 years ago
Which of the following is a benefit of increased levels of education? A. The longer you go to school, the more likely it is that
kolezko [41]
The answer is B i think

5 0
3 years ago
Read 2 more answers
Other questions:
  • Plans in which employees can earn additional compensation in return for certain types of performance are called
    9·1 answer
  • The pair of items that is most likely to have a negative cross-price elasticity of demand is
    6·1 answer
  • Which subject line will likely result in grabbing readers' attention? a.Carpool and Vanpool Opportunity b.Our Sustainability Eff
    7·1 answer
  • laston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of un
    8·1 answer
  • The new classical critique of activist fiscal policy is theoretically different from the crowding-out critique. Crowding-out occ
    6·1 answer
  • JankMag is a fashion magazine that recently hired creative writers and journalists for its new humor section. The team members k
    6·1 answer
  • What are the kitchen tools and equipment needed to cook pancake.​
    9·1 answer
  • Started the business when it acquired $61,000 cash from the issue of common stock. Paid $21,300 cash to purchase inventory. Sold
    5·1 answer
  • Residents of poor countries tend to have fewer automobiles per capita because Group of answer choices lower per capita real gros
    8·1 answer
  • Which statement is prepared for only one date?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!