Answer:
Jan.1
Dr Cash $20,100
Cr Unearned Service Revenue $20,100
Jan.31
Dr Unearned Service Revenue $3350
Cr Service Revenue $3350
Jan.31
Dr Account Fees Receivable $ 570
Cr Service Revenue $ 570
Explanation:
Preparation of the adjusting entry
Journal Entries
Jan.1
Dr Cash $20,100
Cr Unearned Service Revenue $20,100
(Being To record 6 month contract)
Jan.31
Dr Unearned Service Revenue $3350 ($20,100*1/6)
Cr Service Revenue $3350
(Being To record january service fees earned on contract)
Jan.31
Dr Account Fees Receivable $ 570 (30*19)
Cr Service Revenue $ 570
(Being To record unbilled service fees at January 31)
The answer is D I took the Last week
Answer:
The answer is $ 218
Explanation:
Solution
Given that:
Description Amount
Direct materials $91
Direct labor $85
Variable manufacturing overhead $7
Fixed manufacturing overhead
( $ 161,000/ 4,600 units) $35
The unit product under absorption costing = $218
Therefore, the absorption costing unit product cost is $218
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