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8_murik_8 [283]
2 years ago
15

The first Photography Club dinner that was paid for in advance concluded at 10:00 pm on the last evening of the month. The Club'

s price for this dinner was $360 at an inventory cost of $240 to Ribs on the Run. Elena did not record this event in the books when she left at 5:00 pm to make the delivery. However, it is still an event that should be recorded for the month because it occurred before midnight.
Which entry should be added to the month?

a. Unearned Revenue (L) 360
b. Sales (R) 360
c. Cost of Goods Sold (E) 240
d. Inventory (A) 240
Business
1 answer:
suter [353]2 years ago
7 0
Unearned revenue I would imagine
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Z Corp. can make three individual deliveries to three different customers at a cost of $500 each or can consolidate them into on
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C. No, it will increase cost by $100.

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