Answer:
A credit to an unearned revenue account
Explanation:
Ordinarily, when cash is received from a person whereas service has not been performed, the accounting entry is to debit cash account and credit the unearned revenue account.
Here, the receipt of cash means that revenue was realized however, the service expected have not been performed hence necessitated crediting the unearned revenue account and a debit to the asset cash for the amount received.
If you had more details in that question it would be easier to answer. Anyway I can explain what you need. <span>Viability and relevancy of insurance products is used to protect your company if you produce uncommon things. It protects you and your production by making it more stable.</span>
Answer:
Blue Company
Consolidation of Parent & Subsidiary Companies :
1. c. $86,000
2. b. $47,000
3. d. $39,000
Explanation:
In preparing a consolidated income statement, Blue Company with controlling interest of 60% will eliminate intercompany transactions, sales, purchases, inventory, and profits. This is because such transactions are assumed to be within the same consolidated entity.
Only such transactions involving outsiders are taken into consideration for the purpose of determining profits and arriving at the financial position of the consolidated group.
Answer:China is an extremely health conscious nation, and many people are vegetarians.
Explanation: i guessed
And the answer is A. Credit <span>refers to the money that a bank pays an account holder for putting money in the bank for a certain period.</span>