Answer:
please find solution in the attached picture
Explanation:
Answer:
How often, on average, receivables are received and collected during the period
Explanation:
An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.
Answer:
Debit Rent Receivable, $7,400; credit Rent Earned, $7,400.
Explanation:
As $3,700 is the revenue for Chase Company and accrued revenue is recorded in the receivable account. The rent for November and December is accrued and did not received by Chase Company. On December 31 the adjusting entry for the two month expense will be recorded as follow
Dr. Rent Receivable ( $3700 x 2) $7,400
Cr. Rent Earned $7,400
Note:
According to given data in the question the options are inconsistent with the question. Following answer is made according to given data.
As $4,000 is the revenue for Chase Company and accrued revenue is recorded in the receivable account. The rent for November and December is accrued and did not received by Chase Company. On December 31 the adjusting entry for the two month expense will be recorded as follow
Dr. Rent Receivable ( $4000 x 2) $8,000
Cr. Rent Earned $8,000
D Saving bonds.
I just took the quiz and A is wrong. so listen please.
Answer:
Total pages= 12
Explanation:
Giving the following information:
The store charges $2.35 to send the first page and $0.70 for each subsequent page. Determine the number of pages that can be faxed for $10.75.
First, we need to determine the cost formula:
Cost= 2.35 + 0.7*x
10.75= 2.35 + 0.7x
8.4=0.7x
12=x
Total pages= 12
Cost= 2.35 + 0.7*12= $10.75
