Answer:
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Explanation:
Revenue is not recorded until the recognition criteria for the recognition of  revenue has been met and this includes;
- the corresponding cost incurred in generating revenue can be reliably measured
- the goods or service has been delivered
Given that the service was performed in May, when half of the fee was received in April, the required entries then was
Debit Cash account
Credit Unearned revenue (with the amount received being half payment)
when the service was performed in May,revenue was earned
Debit Unearned revenue (with the amount received being half payment)
Debit Accounts receivable  (with the amount yet to be received being half payment)
Credit Revenue (with the amount agreed for the service)
In June when the final payment is received,
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
 
        
             
        
        
        
Answer and Explanation:
The classification is as followS:
<u>Transactions                                 Accrual basis        Cash basis </u>
1. Cash received in advance      Not record              record the revenue 
2. Purchase supplies                  Not record              Not record the expense 
3. Received cash for services     record  revenue       record revenue 
4. Perform services                     Record revenue       Not record the revenue
5. Pay cash for the supplies         Not record          record the expense
In this way it should be classified 
 
        
             
        
        
        
Answer:
$3,500
Explanation:
Under variable costing method, product costs are calculated on variable manufacturing  costs only.
Step 1 : Determine unit Product Cost
Product Cost = Variable Manufacturing Costs
                       =  $ 35
Step 2 : Determine the units in Inventory
Units in Inventory = Opening Stock + Production - Sales 
                               = 0 +  7,210 - 7,110
                               = 100 units 
Step 3 : Determine Inventory value
 Inventory value = Units x Cost per unit
                            = 100 units x $ 35
                            = $3,500
Conclusion :
the ending inventory of finished goods under variable costing would be: $3,500
 
        
             
        
        
        
Answer:.c. Yes, deceptively passing one's goods off as designed by someone else is wrong
Explanation:This is like plagiarism or illegally coping of one's own music, anything that has to do with copying someone else work is illegal be wise you are taking someone else's work and jeopardizing its value when you make it a copy.
People will think these copies are original Gorgo Ormani and because it is likely that Annette will make them cheaper they will buy more of these fake items instead of buying the original hence she will also be negatively affecting the market for this brand.
You can't copy something that isn't yours because you don't have that right hence this is deceptive action and legally wrong.