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eduard
3 years ago
15

At the end of the current year, $12,040 of fees have been earned but have not been billed to clients.

Business
1 answer:
PSYCHO15rus [73]3 years ago
4 0

Answer:

a.

Date                  Account Title                                          Debit                   Credit

XX-XX-XXX      Accounts Receivable                         $12,040

                         Fees earned                                                                    $12,040

b. No it would not have been.

If using the cash basis, the revenue would only be recognized when the cash is paid to the company. As the cash has not been paid, there would be no need to adjust for the revenue in the present period.

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What is the expected dividend yield for Portman's stock today?

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