1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anit [1.1K]
3 years ago
10

Norbert Inc. delivered goods and services during December. Payment is expected during the first week of January. The related adj

usting entry should consist of a debit to a(n) ____ account and a credit to a(n) _____ account.
Business
1 answer:
Vsevolod [243]3 years ago
8 0

Answer:

The correct word for the blank spaces are: asset; revenue.

Explanation:

By delivering goods expecting payment at a later date, Norbert Inc. is increasing its <em>accounts receivable</em>. This type of profit takes place when goods or services are provided in credit and the payment is set in the future. In the example, according to the Generally Accepted Accounting Principles (GAAP), the <em>accounts receivable must be debited to an asset account and credited to a revenue account</em>.

You might be interested in
Madelyn’s parents paid for her first two years of college, but her dad lost his job, and now they can’t pay for her final year.
valentinak56 [21]

Answer:

Student loan.

Explanation:

Student loans are given to assist students pay for university education. Loans can cover turion, living expenses, and books.

Interest rate charged is very low and repayment can be deferred till after the student graduates.

The most common type of student loan are federal loans(offered by the federal government). They have a lower interest rate than student loans offered by private institutions like banks, schools and credit unions.

8 0
3 years ago
Read 2 more answers
The debit side of an account
Vikki [24]
Loan investment account.. can be either side of the account depending on how the accountant set up the system
4 0
3 years ago
Match each retail term with the correct definition
katen-ka-za [31]

Answer:

what retall terms

Explanation:

8 0
3 years ago
Given the $300 cost per person of each public good, what are adams’ net benefits for each public good individually?
mart [117]
<span>The net benefits of each public good will be the total cost of the project minus the $300 cost per person. If the project costs 600$ the net benefits for each public good will be $300. $600(total cost) - $300(cost per person) = $300(net benefits)</span>
7 0
3 years ago
Alonzo, the marketing director for a major retailer, prepared a unified message for the new promotional campaign. after several
Zigmanuir [339]
<span>The goal of the campaign or promotion is to build awareness and inform consumers about a company and its product offerings</span>
In order to see if there is still increase in the sale compared with the money spent of campaign , Alonzo is evaluating the effectiveness of the plan. The evaluation of effectiveness is one of the 6 steps of the promotional campaign.
4 0
3 years ago
Other questions:
  • Sandy is tired of her boss as well as corporate America in general. She decides she would like to start a business where no one
    7·1 answer
  • Michael will attend college in 5 years. He anticipates he will need $19,000 to pay for the first year. He currently has $6,400 i
    6·2 answers
  • Based on the real interest rate, who tends to benefit from unanticipated inflation in terms of borrowing and lending?
    8·1 answer
  • Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax
    14·1 answer
  • You invested $4,500 in a project which gave you a return of 13.1% the 1st year. you were quite happy, but the 2nd year wasn't as
    10·1 answer
  • The accrued interest on a bond __________.
    8·1 answer
  • Gene Simmons Company uses normal costing in each of its three manufacturing departments. Factory overhead is applied to producti
    14·1 answer
  • ABC Manufacturing Inc. ends the month with two jobs still in progress. Job 5 has $10,000 of materials, $2,000 of direct labor an
    11·1 answer
  • At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferre
    9·1 answer
  • What is the anser to -2+1=
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!