Answer:
Explanation:
The preparation of the post-closing trial balance is presented below:
Hilltoppers Corporation
Post-closing trial balance
Particulars Debit Credit
Service revenue $14,600
Cash $3,600
Accounts Payable $1,600
Utilities expense $2,600
Salaries expense $9,600
Equipment $15,600
Common stock $12,000
Retained earnings $4,400
Dividend $1,200
Total $32,600 $32,600
Answer:
A. tuition revenues of $4,000 and expenditures of $4,000.
Explanation:
If the student is not employed as a graduate assistant required to assist faculty members with research and other activities, we will have one:
a. The student will have to pay $4,000 tuition. This is a revenue to the university.
b. The private university will employ a research assistant and pay him $4,000. This an expenditure to the university.
Therefore, this transactions have to be required as highlighted in a. and b. above to track the actual revenue and expenditure implication of the waiver despite cash does not exchange hands.
Answer: Los anticuerpos son proteínas especializadas en forma de Y que se unen como un candado y llave a los invasores extraños del cuerpo, ya sean virus, bacterias, hongos o parásitos. Son el batallón de "búsqueda" del sistema de búsqueda y destrucción del sistema inmunológico, encargado de encontrar un enemigo y marcarlo para su destrucción.
Explanation:
Answer:
Debit : Cash $2,400
Debit : Account Receivables $3,300
Credit : Revenue $5,700
Explanation:
Revenue is recognized when a firm transfers the control of goods or services not when paid.
So this journal must both recognize the Assets in Cash and Assets in Trade Receivables since control for the services has already been transferred.
The journal entry at the end of the month to record this transaction would be :
Debit : Cash $2,400
Debit : Account Receivables $3,300
Credit : Revenue $5,700
