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
Anni [7]
3 years ago
6

Great Kids Co. began providing day care for the children of employees of a large corporation on January 15 for an agreed monthly

fee of $9,000. The first payment is to be received on February 15. The adjusting entry required by Great Kids Co. on January 31 includes:________
A. A credit to Child Care Fees Earned of $4,500.
B. A debit to Child Care Fees Receivable of $9,000.
C. A debit to Unearned Child Care Revenue of $4,500.
D. A debit to Fees Receivable of $9,000.
Business
1 answer:
nirvana33 [79]3 years ago
7 0

Answer:

A. A credit to Child Care Fees Earned of $4,500.

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $4,500

       To Child Care Fees Earned A/c $4,500

(Being the fees earned is recorded)

Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.

The monthly fee is $9,000 but we have to compute for 15 days, so it would be

= $9,000 ÷ 2

= $4,500

You might be interested in
Lifeworks is a nongovernment not-for-profit organization that recently received a large gift from a donor in the amount of $3,00
blagie [28]

Answer:

Explanation:

The net assets would increase. This is because the $100,000 earnings from investments are additional cash inflows hence an increase in current assets. For the $3,000,000 if invested, it will be considered an asset. It is a cash donation invested to generate earnings for the non-profit organization. Thus, these two instances add onto the net asset value of Lifeworks.

7 0
3 years ago
HIIIIIIIIII IN THE CAR
kakasveta [241]

Answer:

That´s so cool...... don´t forget to be thankful you have a car

Explanation:

3 0
3 years ago
Read 2 more answers
SWOT analysis provides managers with an uncritical view of the organization's internal and external environments and helps them
Allushta [10]
True is the answer to the question I just had it
7 0
3 years ago
Kingbird Corporation (a calendar year C corporation) reports the following income and expenses this year: Income from operations
Artyom0805 [142]

Answer:

$7,500

Explanation:

Taxable income:

= Income from operations + Dividends received - Expenses from operations

= $200,000 + $15,000 - 140,000

= $75,000

Deductions is allowed only to the maximum extent of 10% of the taxable income of the corporation.

Therefore,

Kingbird's charitable contribution deduction:

= 10% of Taxable income

= 0.1 × $75,000

= $7,500

8 0
3 years ago
1. According to Wallach, what is short-termism, and why is it a problem?
Aleks04 [339]

I inferred you are to the 2017 TEDx talk "Short-termism is killing us: it's time for Long path" by Ari Wallach.

<u>Explanation:</u>

According to Wallach, he refers to short-termism as focusing on short-term results at the expense of long-term interests.

In his words, short-termism is a problem because;

  • "it prevents the CEO from buying really expensive safety equipment"
  • "prevents teachers from spending quality one-on-one time with their students".

So in summary what Wallach is saying is that short-termism prevents futuristic thinking.

6 0
3 years ago
Other questions:
  • What action may be taken if a bill stagnates in a house committee?
    15·1 answer
  • Compared to the whole-report technique, the partial-report procedure involves _____.
    9·1 answer
  • Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year?
    5·1 answer
  • If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause:
    15·1 answer
  • Rocket Shoe Company is planning a one-month campaign for August to promote sales of one of its two shoe products. A total of $11
    11·1 answer
  • Which characteristic does Martin, a marketing manager, demonstrate in the following situation?
    11·2 answers
  • During industrialization, smaller businesses struggled to compete with large corporations because small businesses
    5·1 answer
  • A flower distributor asked the Fresh Farms sales representative if the company had any red roses in stock. The sales representat
    14·1 answer
  • Carl represents a marketing channel intermediary company and gets paid a commission for finding business buyers and linking them
    7·1 answer
  • Hanson Inc. has the following variable manufacturing overhead standard to manufacture one Zippy:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!