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Gennadij [26K]
2 years ago
12

On the last day of December 2021, Coaster Trucks entered into a transaction that resulted in a receipt of $300,000 cash in advan

ce related to services that will be provided during January 2022. During December of 2021, the company also performed $165,000 of services which were neither billed nor paid. Prior to December adjustments and before these two transactions were recorded, the company’s trial balance showed service revenue of $1,425,790 at December 31, 2021. There are no other prepaid services yet to be delivered, and during the month all outstanding accounts receivable from prior months were collected. If Coaster Trucks makes the appropriate adjusting entry, how much service revenue will be reflected on the December 31, 2021 income statement?
Business
1 answer:
gulaghasi [49]2 years ago
6 0

Answer:

the  service revenue is $1,590,790

Explanation:

The computation of the service revenue is shown below:

= Service revenue in trial balance + Services that were neither billed nor paid

= $1,425,790 + $165,000

= $1,590,790

hence, the  service revenue is $1,590,790

We simply added the above two amounts

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Answer:

1.21

Explanation:

Current Ratio = Current Asset / Current Liabilities

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7 0
2 years ago
Read 2 more answers
Read the following paragraph and respond to the questions below.
-Dominant- [34]

Answer:

a. The number sentence that is the topic sentence is sentence (1).

b. Sentence (6) does not contribute to the paragraph's unity.  It can be eliminated, without changing the meaning that can be obtained from the paragraph.  It does not support the topic.

c. The writer, in sentences 3 through 7, provides an example and further details to help the reader to understand her point.

d. The example in a sentence makes the idea clearer to the reader.  Without the example, which provides further details, the reader may not clearly appreciate the topic under discussion.

Explanation:

The purpose of the topic sentence is to introduce the theme of the paragraph or the point of view of the writer.  It captures the essence of the story.  As it bears the central idea, it focuses the paragraph to achieve unity.

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Answer:

checking and saving

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when you opening a new bank account. the bank will ask you want to open a checking and saving account or both

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3 years ago
At a price of $5/hour, bob wants to hire three workers. when the price rises to $7/hour, bob wants to hire only two workers. bob
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$5 per worker
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15+14=29
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3 years ago
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