Answer:
b. Debit Unearned revenues for $400.
Explanation:
When money is received in advance for a service that is yet to be rendered, the money is accounted for as a liability called deferred or unearned income.
The entries are
Dr Cash
Cr Deferred revenue
when the service is rendered, revenue is said to be earned with the following entries passed
Dr Deferred revenue
Cr Revenue
Hence when $1,000 for services was received on December 1 and was recorded as a liability
Dr Cash $1,000
Cr Deferred revenue $1,000
when $400 had been earned
Dr Deferred revenue $400
Cr Revenue $400
Option b is right
b. Debit Unearned revenues for $400.
If you ask the business if you can use their photo and then say you can then they can’t sue you for copyright.
If you take the photograph and don’t ask you can be sued.
I don’t think you will ever own the photograph unless the business signs the rights over to you
Not 100% sure but I hope this helps :)
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The monthly income of Denise after she decides to go back to school to become an LPN will be $3880.
<h3>What is monthly income?</h3>
The amount of money earned or made by an individual under employment or engaged in business activities is known as the total monthly income of such individual.
Using the given information, it can be said that the salary of Denise will become $970 a week after she becomes an LPN. So, her monthly income will be 970 × 4 = $3880.
Hence, the monthly income of Denise after she becomes an LPN is aforementioned.
Learn more about monthly income here:
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