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Scilla [17]
3 years ago
14

Bryson Accounting Services performed accounting services for a client in December. A bill was mailed to the client on December 3

0. The company received a check by mail on January 5. Which of the following accounts should appear on the balance sheet as of December 31 as related to the services performed?
A) Prepaid Expense
B) Accounts Receivable
C) Unearned Revenue
D) None, there is no entry in December.
Business
1 answer:
AnnZ [28]3 years ago
8 0

Answer:

B) Accounts Receivable

Explanation:

Based on the information provided within the question it can be said that as of December 31st the account that should appear on the balance sheet are accounts receivable. These are claims for a payment for goods or services provided by the firm, and are usually sent in the form of invoices to the customer that needs to pay them in a given amount of time.

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You must have an Alibi
5 0
3 years ago
Suppose you invested $93 in the Ishares High Yield Fund (HYG) a month ago. It paid a
blsea [12.9K]

Answer:

B) 0.57%, 1.08%

Explanation:

The computations are shown below:

Dividend yield = (Annual yield) ÷ (market price) × 100

where,

Market price = $94 per share

Annual dividend = $0.53 per share

So, the dividend yield = ($0.53 per share ÷ $94 per share) × 100

= 0.57%

Capital gain yield = (Market price - purchase price) ÷ (purchase price) × 100

                            = ($94 - $93) ÷ ($93) × 100

                            = 1.08%

8 0
3 years ago
In September, Lauren Ashley Company purchased materials costing $220,000 and incurred direct labor cost of $150,000.Overhead tot
pishuonlain [190]

Answer:

a. $230,000

b. $690,000

c.  $710,000

Explanation:

The computation is shown below:

a. Cost of direct material used = Beginning balance of raw material + purchase made - ending balance of raw material

= $140,000 + $220,000 - $130,000

= $230,000

b. Total manufacturing cost

Total manufacturing cost = cost of direct materials used + direct labor cost + overhead  cost

= $230,000 + $150,000 + $310,000

= $690,000

c. Cost of goods manufactured

Cost of goods manufactured = Beginning balance of Work in process + Manufacturing cost - Ending balance of Work in process

= $90,000 + $690,000 - $70,000

= $710,000

3 0
3 years ago
A group of businessmen and women get together to try to solve the problem of decreased sales of their company's products. One of
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Answer:

The answer is brainstorming

Explanation:

6 0
4 years ago
A company has the following balances on December 31, 2018, after year-end adjustments: Accounts Receivable = $62,500; Allowance
Dovator [93]

Answer:

the net realizable value of accounts receivable $56.300

Explanation:

To calculate the net realizable value of accounts receivable is necessary to deduct from Account Receivable the total credit amount of the Allowance for Uncollectible Accounts.

The Debit value of Accounts Receivable minus the credit balance of Allowance for Uncollectible Accounts gives the Net Value of Accounts receivables.

8 0
3 years ago
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