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
vovikov84 [41]
3 years ago
10

A service was performed for a client with payment due in 30 days what accounts are affected

Business
1 answer:
marshall27 [118]3 years ago
3 0

Answer:

b) debit accounts receivable, credit capital

Explanation:

Performing service is part of normal business activities. It generates revenue for the business.

Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.

The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.

You might be interested in
"Development of society means the transformation of society." Elucidate it by giving examples .​
Nostrana [21]

Answer:

Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.

Explanation:

Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.

Over the years, various rules and regulations restricting the activities of people living in society have been made. Some of these regulations have been positive while some negative. This has lead to various society transformation like from simple to complex, unity to diversity, uncivilization to civilization and primitive and so on.

For there to be development they have to be transformation.

6 0
3 years ago
The purpose of market research is to:
max2010maxim [7]
!.!.!.!.!.!.!.!.!.!.!.!.!.!.!.!.! D
8 0
4 years ago
During 2017, Oriole Company expected Job no. 59 to cost $300000 of overhead, $560000 of materials, and $200000 in labor. Oriole
Readme [11.4K]

Answer:

$165,000

Explanation:

The computation of the amount of over- or underapplied overhead is shown below:

The Predetermined overhead rate is

= Predetermined overhead ÷ direct labor cost

= ($300,000 ÷ $200,000)

= 150% of direct labour cost

Now  

overhead applied is

= (150% × $280,000)

= $420,000

And,  

Actual overhead=$255,000

So,  

overhead overapplied is

= $420,000 - $255,000

= $165,000

5 0
3 years ago
It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the admini
Anastaziya [24]

Answer:

&175

Explanation:

Breakeven price is the minimum price a product or service  must be sold to cover the cost of producing it. Its aim is to ensure that items are not sold at a loss.

In the scenario given ,

Cost of room reservation = $3000

Cost of room / student = $3000/20 = $150

Course materials per student = $25

Total cost of course materials = $25 * 20 =$500

Total cost of training = $3,500

Target attendees = 20

Breakeven price  = $3500/20 = $175

8 0
3 years ago
he following items appeared on the Year 6 year-end trial balance for the Brown Coffee Company:DebitsCreditsRevenues$600,000Opera
Svetllana [295]

Answer:

net income $72,000

Explanation:

The computation of the amount that should be reported is shown below:

Revenue $600,000  

less:      

operating expense -$420,000  

restructing costs -$100,000  

interest expense -$20,000  

Add: gain on sale of investments $30,000

EBIT $90,000  

less income tax at 20%  - $18,000

net income $72,000

7 0
3 years ago
Other questions:
  • John and Jean are married and decide to open three separate accounts for their money. What is the most likely reason for their d
    5·2 answers
  • "Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a ne
    10·1 answer
  • Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to oth
    5·2 answers
  • After surviving an ischemic stroke, a 79-year-old male has demonstrated significant changes in his emotional behavior, with his
    14·1 answer
  • Trighton's Trailer Co. sells all kinds of trailers and provides a one-year warranty on all new trailer sales. Based on history,
    8·2 answers
  • Personal selling goals include finding prospects, convincing prospects to buy, and a. monitoring new products being developed. b
    14·1 answer
  • All of the following are the responsibilities of the registrar EXCEPT the registrar:
    10·1 answer
  • True or False : When you are thinking of something you want to predict, measure, or change in your business, you are probably th
    8·1 answer
  • Community colleges provide training for some careers in public saftey. true or false?
    15·2 answers
  • Plz helpp ill love u forever
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!