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
Juliette [100K]
3 years ago
10

on september 1, best company began a contract to provide services to dilwood company for 6 months, with the total of $10800 paym

ent to be made at the end of the six month period. equal services are provided each motnth. the firm usees the account fees receivable to reflect amounts due but not yet bulled. what propoer adjusting entry would best company make on devcember 31, the end of the accounting period (no previous adjustment has been made)
Business
1 answer:
Lelu [443]3 years ago
7 0

Answer:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

Explanation:

Th adjusting entry is shown below:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

For recording this we debited the fees receivable as it increased the assets and credited the services fees earned as it increase the revenues

Since the payment is made for 6 months but we have to recorded for 4 months i.e computed from September 1 to December 31

= $10,800 × 4 months ÷ 6 months

= $7,200

You might be interested in
Revising for Conciseness - Eliminating Flabby Expressions,Limiting Long Lead-Ins, and Dropping Unnecessary FillersTime is money
kvv77 [185]

Answer:

Explanation:

Flabby expression is extra words that make your writing seems unclear, weak, rambling, and unstructured. It often contains overused words which seem meaningless to the reader.

It is required to eliminate the unnecessary words in order to make your writing reach a higher level. You need to make your message become concise. These examples show you how to change the flabby expressions into the concise ones.

Flabby

Concise

As a general rule

Generally

At a later date

Later

At this point in time

Now, presently

Despite the fact that

Although

Due to the fact that

Because

b. Limiting Long Lead-Ins

This means you need to delete unnecessary introductory words.

For example:

Instead of saying “I am sending you this e-mail to announce that we have hired a new manager”, you can say “We have hired a new manager”.

Dropping unnecessary there is/ are and it is/ was fillers

d. Rejecting Redundancies

Redundancies are expressions with repeating meaning or including unnecessary words (redundant. For example, the word unexpected surprise can be changed into surprise because unexpected carries the same meaning as surprise. Here are the examples of redundant and concise words.

. Purging empty words

Empty words and phrases: case, degree, the fact, factor, instance, nature and quality.

Because of the degree of active participation by our sales reps, profit soared.

It sounds better when we remove them.

Avoid saying the obvious.

If it comes, omit it.

This is to inform you that we have a toll-free service line

Clauses begin with that, which and who can often be shortened without loss of clarity.

All employees who are among those completing the course will be reimbursed.

Revising for clarity

a. KISS

KISS stands for Keep It Short and Simple. KISS formula is using active-voice sentences that avoid indirect, pompous language.

b. Cliches and Slang

Cliches are expressions, words, and phrases which are overused. For example, you say “below the belt” instead of “last but least”.

Slang is informal words with changeable meanings. For example, you write “gr8” instead of “great”.

Designing Documents for Readability

a. Employing white space

Use headings, bulleted numbers, effective margins, and Improve readibility and comprehension (shortening sentences & paragraphs) to increase the white space

b. Understanding Margins and Text Alignment

Business letters or memos usually have side margins of 1 to 1 ½ inches.

c. Choosing Appropriate Typefaces

Two most categories in business message are Serif typefaces whichh have small features at the end of strokes (e.g. Times New Roman, Century, Georgia and Palatino), and Sans serif typefaces which are clean and widely used for headings, signs and material that doesnt require continuous reading (e.g Arial, Calibri, Helvetica, Tahoma, Univers and Verdana)

For less formal message or decorative effects :

Happy, Creative script/ funny (Comic Sans, Brush script, Gigi, Jokerman, Kristen)

Assertive, Bold, Modern Display (Britannic Bold, Broadway, Elephant, Impact, showcard)

Plain Monospaced (Courier, Letter Gothic, Prestige Elite)

d. Capitalizing on Type Fonts and Sizes

During revision process, you need to think about font style and size appropriately. Make it looks comfortable according to the necessity.

e. Adding Headings for Visual Impact

By adding headings, you can improve readability, encourage the writer to group similar material together, and help busy readers to skim.

All examples are given in attachment

3 0
3 years ago
Nash's Trading Post, LLC had a balance in the Accounts Receivable account of $761000 at the beginning of the year and a balance
WARRIOR [948]

Answer:

4

Explanation:

receivable turnover = net credit sales / average inventory

avarage iventory = ($761000 + $841000)  / 2 = $801,000

$3,204,000 / $801,000 =  4

8 0
3 years ago
An upward-sloping labor supply curve implies that Group of answer choices a firm can always hire more workers, even without incr
Crank

Answer:

more workers are willing to work as the market wage increases.

Explanation:

IF the labour supply curve is upward sloping, its that  means there is a positive relationship between wages and labour supply. The higher the wages, the higher the number of workers willing to work. The lower the wages, the lower the number of workers willing to work

Please check the attached image for a upward sloping labour supply curve

3 0
4 years ago
In a supermarket, a vendor's restocking the shelves every Monday morning is an example of:________
attashe74 [19]

Answer:

it may be fixed order interval because the vendor is restocking every monday only.

7 0
3 years ago
The type of advertising that does not focus on promoting specific goods or services but instead attempts to promote an organizat
lawyer [7]

Answer: Institutional

Explanation:

The institutional advertising helps to promote an institutional, organization, business or the industry related advertisement.

The institutional advertisement is also known as corporate advertising that mainly focus on the business ideas and the benefits.

It helps to enhance the reputation of an organization and also try to build a good image in the market. Therefore, Institutional advertising is the correct answer.

8 0
4 years ago
Other questions:
  • FDIC is:
    7·2 answers
  • Yoshi Company completed the following transactions and events involving its delivery trucks 2016 Jan. 1 Paid $20,515 cash plus $
    9·1 answer
  • The way to do inventory on bottles of liquid is:​
    13·1 answer
  • In the month of March, Crane Salon services 590 clients at an average price of $120. During the month, fixed costs were $21,312
    8·1 answer
  • Briefly describe at least one additional test you could perform to gain evidence as to whether or not the cash account is materi
    5·1 answer
  • What should a firm do to minimize cost​
    13·1 answer
  • 4. What aspect of project management was omitted from the PMI definition that is included in the definition proposed by Meredith
    11·1 answer
  • Future Value of Multiple Annuities Assume that you contribute $150 per month to a retirement plan for 20 years. Then you are abl
    6·1 answer
  • In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress: Multiple Choice pass
    8·1 answer
  • When you get hired for a well-paying job, you will most likely view older used cars as complementary goods. normal goods. substi
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!