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tangare [24]
3 years ago
6

Mary signed up and paid $600 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s accoun

ting records would indicate: Multiple Choice $200 of revenue, $400 of deferred revenue $400 of revenue, $200 of accounts receivable $600 of revenue, $600 of cash
Business
1 answer:
inessss [21]3 years ago
4 0

Answer:

$200 of revenue, $400 of deferred revenue

Explanation:

The journal entry to record the entry on August 1 is shown below:

Unearned revenue A/c Dr $200

         To Revenue $200

(Being the two-month revenue is recorded)

The computation is shown below:

= Six-month revenue × number of months ÷ total number of months

= $600 × 2 months ÷ 6 months  

= $200

The two months is calculated from June 1 to August 1  

The remaining balance would be transferred to the deferred revenue account

= $600 - $200

= $400

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laila [671]

Answer:

list of products where manufacturer and Marketer are different.​

Explanation:

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3 years ago
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What organization is the top-level authority for supervising domain name requests?​?
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ICANN is the organization at the top-level authority for supervising domain name requests. ICANN stands for Internet Corporation for Assigned names and Numbers which makes sure that the domain names are safe and maintained well when you look through web pages on the internet. They are a nonprofit organization that coordinates and manages domain requests. 
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Gray is a 50% partner in Fabco Partnership. Gray's tax basis in Fabco on January 1, year 4, was $5,000. Fabco made no distributi
arsen [322]

Answer:

$21000

Explanation:

To determine Gray’s tax basis  for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s  distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and  deduction items.

Gray’s beginning basis = $5,000  

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6 0
3 years ago
What actions might be taken to reduce the risk associated with a loan to start the business? Give examples please​
8_murik_8 [283]

Answer:

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The Town of Conway opened a solid waste landfill in 1995 that is filled to capacity in the current year. The city initially anti
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Answer and Explanation:

Data provided

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The journal entry is shown below:-

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