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chubhunter [2.5K]
3 years ago
13

Fleming corp. provided services on account. the transaction would be recorded with a credit to:

Business
1 answer:
Advocard [28]3 years ago
7 0

Fleming corp. provided services on account. The transaction would be recorded with a credit to service revenue. The transaction will also be recorded on the accounts receivable ledger as well.  Service revenue is an account used in accrual accounting that reports fee income that a company earns during a specific time frame. Accounts receivable is an account that shoes money that is owed to a company by its debtors.

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It’s: c) heading! hope this helps
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3 years ago
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Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amou
Sauron [17]

Answer:

1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.

Explanation:

Starbooks  

Adjusted trial balance  

 

d Cash                           $ 295  

d Account receivable  $ 295  

d Supplies                      $ 495  

d Equipment $           3.195  

c Accumulate depreciation            $ 895

d Prepaid Rent                   $ 95  

c Account Payable                             $ 595

c Notes Payable (short-term)              $ 495

c Deferred Revenue                          $ 195

c Notes Payable (long-term)                  $ 195

c Common Stock                                       $ 195

c Retained Earnings                               $ 1.495

c Service Revenue                                 $ 6.185

c Interest Revenue                                    $ 95

d Salaries Expense $ 2.195  

d Depreciation Expense $ 295  

d Income Tax Expense $ 295  

d  Rent Expense      $ 395  

d Supplies Expense      $ 195  

d Travel Expense   $ 2.595  

 

                       Total $ 10.345 $ 10.345

5 0
4 years ago
PureSource Pharma Inc. recently acquired BioChem Pharmaceuticals Inc. It now sells its own products along with the products orig
Licemer1 [7]

Answer: Puresource Pharma would have to reduce it's cost

Explanation:

Horizontal integration could be defined as the merge between two or more companies that carry out similar functions or market in production.

Puresource Pharma would have to reduce it's cost of product and either sell below or same cost as their acquired company's product. This would help promote her market and would give a monopoly for them for the market for both of them.

6 0
3 years ago
Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $21,000. Marc
Harrizon [31]

Transactions will be recorded as follows;

<u>March 1</u>

Debit Cash $21,000

Credit Common Stock $21,000

<u>March 5</u>

Debit Cash $9,000

Credit Notes Payable $9,000

<u>March 10</u>

Debit Construction Equipment $25,000

Credit Cash $25,000

<u>March 15</u>

Debit Advertising Expense $1,100

Credit Cash $1,100

<u>March 22</u>

Debit Accounts Receivable $18,000

Credit Service Revenue $18,000

<u>March 27</u>

Debit Cash $13,000

Credit Accounts Receivable $13,000

<u>March 28</u>

Debit Salaries Expense $6,000

Credit Cash $6,000

<u></u>

7 0
3 years ago
Why do we practice making associations with simple and mundane problems and resources? Select all that apply.
Artyom0805 [142]

Answer:

E.  They are problems and resources that most people have experience with or can relate to.

Explanation:

  • Such problems and resources are most commonly found in day to day lives. People can easily relate to them as they are simple and common in the workplace.
  • They are associated with the resources of particular problems. This making them a subject of practice it becomes easy to use them for teaching and other purposes. Such as enlightenment and giving advice.
4 0
3 years ago
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