Answer:
The Service revenue should be recorded on June 30, 2016 adjusting entry is $6,000
Explanation:
According to the given data Service revenue = $12,000 per month
Since services will begin from June 16, thus on June 30, service revenue should be recorded for half month only.
We would calculate the Half month service revenue as follows:
Half month service revenue = $12,000 x 1/2
Half month service revenue
= $6,000
Therefore the Service revenue should be recorded on June 30, 2016 adjusting entry = $6,000
Answer: b. It will help you establish a purchase time frame.
Explanation:
Considering that these potential buyers are renting at the moment, it would make sense that they would only be interested in buying after their rental contract is up.
Asking them when that contract is up will therefore give you a better picture of the time frame it would take for them to purchase the property that you want to sell.
Answer:
A. combined all facets of an industry, from raw material to final product, within a single company