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tatuchka [14]
2 years ago
11

If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the reciept of cash would be journal

ized as:_____.
Business
1 answer:
Andru [333]2 years ago
7 0

If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as  Debit Cash, credit Unearned Revenue.

A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.

Learn more about receipt here

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List all the source documents in accounting
devlian [24]

Answer:

Canceled checks.

Invoices.

Cash register receipts.

Computer-generated receipts.

Credit memo for a customer refund.

Employee time cards.

Deposit slips.

Purchase orders

Explanation:

That is all i think

7 0
3 years ago
Martin Corporation’s (a C corporation) bookkeeper told the owner that she could not have all the tax information ready for the a
Sophie [7]

Answer:

Yes, we can request an extension until the following April 15

Explanation:

In general, there is a room for automatic extension of 6 months for

a corporation to file its income tax return so far appropriate form (7004) has been filed by the corporation, and

estimated unpaid tax liability is been paid before date of the return is due. It should be noted that until tax year 2026, Until June 30 fiscal-year which is tax year 2026 there is duration of 7 months given to the corporation. Though there could be rovoking of the extension by The IRS at any time. tax return of Martin will be due under normall condition by September 15, but since extension comes in it will be due April 15.

3 0
3 years ago
Which of these statements is correct with regard to the implementation of marketing objectives?
xz_007 [3.2K]

Answer:

B). A lot of ongoing communication is involved when executing a plan.

Explanation:

The second statement regarding 'a lot of ongoing communication is involved when executing a plan' is the most correct regarding the implementation of marketing objectives. <u>Effective communication is the most significant key to ensure that the plans are timely and efficiently executed, the tasks are divided and coordinated significantly, and the desired goals and objectives are achieved successfully</u>. Thus, <u>option B</u> is the correct answer.

3 0
3 years ago
Which best describes the purpose of using cost-benefit analysis?
IrinaVladis [17]

Answer:

Make decisions that maximize benefits

Explanation:

The whole purpose of a cost-benefit analysis is to allow management to make the best decisions using the measurment of profitability in a specific project or system. The model calculates all the income and benefits as well as all the associated costs, substracting the costs from the benefits. This is how you can determine the opportunity cost for each project or system.

5 0
3 years ago
Read 2 more answers
The purchase of one cup of coffee a day...
MrRissso [65]
Answer is c


Hope that helps
4 0
3 years ago
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