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
laiz [17]
3 years ago
7

A company received $5,000 for 100 one−year subscriptions on july 1. the journal entry to record this cash receipt would include

a ________. the company uses a liability account for revenue received in advance.
Business
2 answers:
seropon [69]3 years ago
7 0

A credit to Unearned Revenue for $5,000

Gelneren [198K]3 years ago
7 0

Answer:

$ 5000 credit to unearned revenue

You might be interested in
Which of the following statements is true?
SIZIF [17.4K]
Ummmmm I will go with answer A cause at my house its always like that.
6 0
3 years ago
What are some of the key components that are listed on a check in the current day?
stepladder [879]

Checks have several vital pieces of information, including

  • routing number
  • account number
  • check number
  • payee
  • payor
  • amount (in numbers)
  • amount in writing
  • payor signature
  • whatever security features the bank includes
5 0
3 years ago
Rugged Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If
damaskus [11]

Answer:

$412,500

Explanation:

March

Cash receipts from sales on account for April = $400,000 * 75%

Cash receipts = $300,000

April

Cash receipts from sales on account for April = $450,000 * 25%

Cash receipts = $112,500

Total Cash receipts = Cash receipts from sales on account from March + Cash receipts from sales on account from April

Total Cash receipts = $300,000 + $112,500

Total Cash receipts = $412,500

5 0
3 years ago
Chris Cole is a salesperson for Green Scene Lawn Care products. Chris' job requires him to sell Green Scene products, but he is
AVprozaik [17]

Answer:

A) True

Explanation:

Multilevel marketing is used by companies that engage in direct sales marketing and where each new salesperson or distributor must recruit more sales people to expand their activities. Some of the most famous multilevel marketing firms in the US are Avon and Herbalife.

The salesperson or distributor earns a fraction of the sales commissions that his/her recruited sales people sell. It is called the distributor's downline, and is shaped like a pyramid. In some countries this type of business is illegal because it works like a Ponzi scheme where new salespeople are recruited every time and in order to start working they must buy a certain amount of products. So a large percentage of the sales are made to other salespeople instead of customers.

5 0
3 years ago
The following data were taken from the records of Menendez Company:
nydimaria [60]

Answer: a. $1,500

Explanation:

Working capital is calculated by deducting current liabilities from current assets. It is meant to show the operating liquidity of a company within a period.

Working capital = Current assets - Current liabilities

= 5,000 - 3,500

= $1,500

3 0
3 years ago
Other questions:
  • which of the following would be the best example of a total institution? a. a mental hospital b. a private university c. a paroc
    7·1 answer
  • Which situation would not change a buyers market into a sellers market?
    9·1 answer
  • Thrush Corporation, a calendar-year C corporation, files it's 2018 Form 1120, which reports taxable income of $200,000 for the y
    14·1 answer
  • You purchased a share of stock for $29. One year later you received $2.40 as dividend and sold the share for $28. Your holding-p
    7·2 answers
  • Sue invested $12,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $
    6·1 answer
  • On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from JohnDeere. The contract required
    5·1 answer
  • Explain why it is true that for a firm in a perfectly competitive​ market, the​ profit-maximizing condition MR​ = MC is equivale
    7·1 answer
  • Select all that apply. Choose the numbers that are factors of 50. 2 25 4 8 10 15dfguyaedudgasgas
    9·2 answers
  • Tax laws permit installment sales, which are recognized in the year of sale for financial reporting purposes, to be reported in
    14·1 answer
  • Responses such as winning, displaying anger, and retaliating are considered _____ responses to conflict.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!