Answer: The adjusting entry is to DR Unearned Revenue Account with $700 and CR Earned Revenue Account with $700.
Explanation:
A reduction in the unearned revenue account implies that a portion of the unearned revenue has been earned.
Unearned revenue account is a liability account that warehouses revenue paid for but yet to be earned. A reduction in the liability means an income has been earned and recognised.
Answer:
b. budget surplus.
Explanation:
A budget surplus is when income from taxes exceeds government spending .
The budget surplus = $75 billion - $74.8 billion = $0.2 billion
A budget deifict is when government spending exceeds income from taxes.
I hope my answer helps you.
Answer:
(c) Essentially zero.
Explanation:
The cost of accomodating one more fan in a stadium that is not at full capacity (the game is not sold out) is almost zero because the stadium has the infraestructure to accomodate hundreds or thousands of fans.
The only cost is probably cleaning after the fan in case he or she throws away something in in or around his or her seat.
Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.
<h3>What is meant by
checking account?</h3>
Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.
Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.
Thus, option B is correct.
For more details about checking account, click here:
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