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sasho [114]
3 years ago
9

Jefferson Cleaning signed an agreement with Willis Company on December 15 to provide cleaning services every Friday. The service

s will be billed to Willis Company on the fifteenth of each month at a rate of $15 per hour. As of December 31, Jefferson Cleaning had provided 15 hours of cleaning services to Willis Company. Which of the following is the required adjusting entry that Jefferson Cleaning should make on December 31?
Business
1 answer:
sdas [7]3 years ago
8 0

Answer:

B) debit to Accounts Receivable for $200.

Explanation:

Since Jefferson Cleaning has only performed half a month of cleaning, they can record an accounts receivable for half the months regular bill. The revenue recognition principle allows this, but generally it would be done because it is December 31 and the revenue account needs to be closed. If not, Jefferson should probably wait until the 15 of the following month before recording the total monthly bill.

The journal entry should be:

December 31, cleaning services performed at Willis Co.

Dr Accounts receivable 200

  Cr Sales revenue 200

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The comparative message compare the products in the market with the other competitors in terms of characteristics and features. Therefore, comparative is the correct answer.      

 

8 0
3 years ago
In a pure market economy, the "What to produce?" question is ultimately answered by:
Genrish500 [490]

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Explanation:

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8 0
3 years ago
Physical capital differs from raw materials in the sense that raw materials A. have a longer useful life in production B. are co
Komok [63]

Answer:

D. are used up in production

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4 0
3 years ago
You are a newly hired​ manager, and you attend your first meeting. you soon realize that the topic of discussion is the identifi
tatyana61 [14]
<span>from your college bcis class, you recall that they would be in the: </span>requirements analysis <span>phase of the sdlc process. 
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4 0
3 years ago
Melanie needs to ensure that readers are able to locate specific sections within a document easily. What should she include in t
frutty [35]

Answer:

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3 0
3 years ago
Read 2 more answers
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