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
Alexxx [7]
3 years ago
11

GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $72,000 for 6-months services in adv

ance. GreenLawn’s general journal entry to record this transaction will include a:
Business
1 answer:
Sphinxa [80]3 years ago
4 0

Answer:

Given that,

Amount paid = $72,000

Time period = 6-months

As cash is received it is debited and unearned revenue is credited as it is treated as liability until service is provided.

Therefore, the journal entry for this transaction is as follows:

Cash A/c Dr. $72,000

    To unearned revenue A/c  $72,000

(To record the unearned revenue)

You might be interested in
Dr. Jones’ office has purchased the above equipment. It is now Year #2 and there is a $7,000 annual maintenance fee that needs t
Paul [167]

The Loss recorded in the year 2 for the table is -$35,841.39.

<h3>What is the profit or loss on the table? </h3>

<u>Year 2 </u>

Monthly Cost in year  $1564.29

Maintenance               $0  

Salary                          $39600

Fixed cost                   $0

Variable cost              <u>$356.40</u>

Total cost                   <u>$41520.69</u>

Reimbursements = $5679.30

Profit or Loss = Reimbursements - Total cost

Profit or Loss = $5679.30 - $41520.69

Loss =  -$35,841.39.

Read more about Profit or Loss

<em>brainly.com/question/17515276</em>

#SPJ1

3 0
2 years ago
The company paid $35,000 cash in dividends to the owner, jen rogers. the entry needed to close the dividends account is:
Oxana [17]
The entry needed to close the dividend account is "Debit: Retained earnings $35,000 and credit: dividend expense $35,000" based on the journal transaction. The dividend is a portion of a company's earnings which be shared by the company to the investor as the return for their investment. This entry will decrease the retained earning balance.
8 0
3 years ago
Read 2 more answers
Will today's second generation of immigrants move up the occupational ladder?
Ket [755]
No not if Donald Trump becomes president he is sending all imagrants back and he wants all white schools so
7 0
3 years ago
Becky asks her friend Maggie to walk her dog for her, and Maggie agrees. While out walking, the dog gets away from Maggie and ru
mezya [45]

Answer:A. Becky is liable for the damages to Mr. Edwards' garden, because she exercised control over her agent, Maggie.

Explanation:This is a situation where a person is working under the instructions of another, Becky will take the full responsibility for the damage done by the Dog to Mr. Edwards garden.

This can be seen also in conditions where a principal gives instructions or job to an Agent, the actions of the agent will directly impact the Principal as the Agent is working according to the directives of the principal.

7 0
3 years ago
Jarvis Company produces a product that has a selling price of $25 and a variable cost of $17 per unit. The company's fixed costs
Sholpan [36]

Answer:

The break-even point measured in sales dollars is $8

6 0
3 years ago
Other questions:
  • It is necessary to calculate equivalent units of production in a department because Select one: a. at times a department may use
    13·1 answer
  • On November 1, 2019, Gerakos Corporation sold software and a six-month technical support contract to a customer for $80,000. Ger
    15·1 answer
  • Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement
    10·2 answers
  • Which of the following is NOT an example of the technical support that the International Monetary Fund (IMF) provides to governm
    15·1 answer
  • A BBB-rated, $1000 face value, corporate bond has a yield to maturity of 8.2%. A U.S. Treasury security has a yield to maturity
    10·1 answer
  • In order to find the future worth, F, from a present amount, P, 5 years from now at an interest rate of 6 % per year, compounded
    6·1 answer
  • Contribution Margin Variance, Contribution Margin Volume Variance, Market Share Variance, Market Size Variance Sulert, Inc., pro
    10·1 answer
  • You have just taken a job at a bank in the loans department. Your bank is worried about the current economic climate and its pot
    12·1 answer
  • Who should Jake Paul fight next? Currently in an argument with my brother!!
    7·1 answer
  • Employers will be evaluating your attitude and communication skills during an interview. Please select the best answer from the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!