It’s A for sure just really got to add the puzzles together
Answer:
unearned service revenue 7,500 DEBIT
service revenue 7,500 CREDIT
Explanation:
the job is complete on July 31th
so <em>we write-off the unearned service reveue</em>
and <em>we recognize the service revenue </em>for the whole amount of the contract
The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.
the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed
Answer:
Maintenance Cost
Explanation:
Once you purchase a lunch and consume it there is no cost related to maintenance of the lunch.
Answer& Explanation:
(a) financing activities as the cash inflow comes from third parties in exchange of the future promise to received plus interest
(b) investing activities This cash outlay is perofrm to increase the capacity to generate cash in the future
(c) investing activity the cash inflow comes form the fixed assets of the company not their main operations.
(d) financing activities as the stockholders previously contributed to the firm equity are viewed as "lenders" to the company They made a contribution and now they receive their "interest"
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