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
Neporo4naja [7]
3 years ago
11

On December 27, a business completed a $400 service that had not yet been billed or recorded as of December 31. Demonstrate the

required adjusting entry of the business by completing the following sentence. The required adjusting entry would be to debit the ___________ (Unearned revenue / Accounts receivable / Cash / Service revenue) account and __________ (debit / credit) the ___________ (Unearned revenue / Accounts receivable / Cash / Service revenue) account.
Business
1 answer:
Kaylis [27]3 years ago
7 0

Answer:

Dr Trade Receivables $400

Cr             Service Revenue $400

Explanation:

According to accrual accounting system, once the share of consideration from the part of company is delivered the company must recognize sales. As the company has not been billed for its services, which means the customer has not yet paid so the receivable account would be debited and the company must also recognize revenue because it has delivered its share.

Increase in revenue must be credited and increase in receivables must be debited.

Dr Trade Receivables $400

Cr             Service Revenue $400

You might be interested in
How can focusing on clean energy and pollution reduction positively impact California's economy?​
Elodia [21]

Answer:

As a part of CSR initiatives (or purely governmental), nurturing environmental beneficial factors is always a plus for the whole economy.

Decreasing pollution can further improve the tourism sector, and change property values by encouraging real estate in "green areas". Clean energy initiatives (wind and solar energy) have the ability to transform the whole energy industry, which is the input for most economy processes and businesses.

6 0
3 years ago
What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the
loris [4]

In the world demand for US, exports <u>increase</u> the demand for US dollars. a in the US interest rate differential <u>decreases</u> the demand for US dollars

An interest rate tells you how excessive the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest charge is the quantity you're charged for borrowing cash, proven as a percentage of the total amount of the mortgage.

Traditionally, the guideline of thumb is that refinancing is a superb idea if you can reduce your interest rate by way of a minimum of 2%. but, many creditors say 1% financial savings is sufficient of an incentive to refinance.

As interest rates circulate up, the value of borrowing becomes more costly. because of this call, lower-yield bonds will drop, causing their price to drop. As interest prices fall, it will become less complicated to borrow money, and plenty of corporations will issue new bonds to finance growth.

Learn more about interest rates here brainly.com/question/2151013

#SPJ4

5 0
2 years ago
Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,000, $9,000, and $1
nika2105 [10]

Answer:

$21,435.74

Explanation:

Marko will pay as much as the discounted present value of the cash flow:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $5,000.00

time  1.00

rate  0.14000

\frac{5000}{(1 + 0.14)^{1} } = PV  

PV   4,385.9649

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $9,000.00

time  2.00

rate  0.14000

\frac{9000}{(1 + 0.14)^{2} } = PV  

PV   6,925.2078

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $15,000.00

time  3.00

rate  0.14000

\frac{15000}{(1 + 0.14)^{3} } = PV  

PV   10,124.5727

We add them together and get the total price for ABC Co

\left[\begin{array}{ccc}#&Cashflow&Discounted\\&&\\1&5000&4385.96\\2&9000&6925.21\\3&15000&10124.57\\&total&21435.74\\\end{array}\right]

8 0
4 years ago
In access, use the documenter tool to describe the tables in a database.
Monica [59]
<span>I will expect this a true or false question. The appropriate response is true. Get to consequently includes twofold quotes around qualities in the outline lattice that are arranged as Short Text fields when you run the question or move the addition indicate another cell in the plan grid.</span>
4 0
3 years ago
One Friday afternoon, Rose Marie went to her mailbox and found two envelopes addressed to her. One envelope contained a check fo
ipn [44]

Answer:

Rose Marie received $152 in earned income and $25 in transfer payments.

Explanation:

Based on the information provided within the question it can be said that in this scenario Rose Marie received $152 in earned income and $25 in transfer payments. The $152 from her "side hustle" is basically from a service that she provided, which she worked (earned) for. Since the other payment was given to her from her grandmother, it is said to have transferred ownership, thus it is a transfer payment.

6 0
3 years ago
Other questions:
  • (problem 13). margo's marginal utility of one dance lesson is 100 utils per lesson. her marginal utility of a new pair of dance
    14·1 answer
  • San Lorenzo General Store uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost
    12·1 answer
  • Adapting to new conditions like new innovations by competitors, fast-changing technological developments, and constantly evaluat
    13·1 answer
  • A company purchased 100 units for $30 each on january 31. it purchased 400 units for $20 each on february 28. it sold a total of
    5·1 answer
  • When formatting your résumé, it’s important to consider the organization of the information you’re providing a potential employe
    8·1 answer
  • HURRY!!!!
    5·1 answer
  • If $ 9 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 2 comma 700 at the end
    5·1 answer
  • Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b
    5·1 answer
  • A credit score is based in part on
    7·2 answers
  • A ground-dwelling plant grows along a chain-link fence
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!