Answer: reducuced workforce across all economic sectors and caused many jobs to be lost.
Explanation:
Answer:
The correct answer is: Unearned Revenue.
Explanation:
Unearned Revenues are advance payments that a company or individual collects for products and services that it has not yet rendered or delivered. Other terms for unearned revenue are advanced payments or deferred revenue. Unearned income must be debited to a cash account and credited to a liability account in compliance with the Generally Accepted Accounting Principles (GAAP).
Answer: True
Explanation:
From the question, we are told that a company pays an employee $3,000 for a five-day work week from Monday to Friday. This means that the employee receives a daily payment of ($3,000/5) = $600.
On Wednesday which is the third day, he will be paid ($600 × 3) = $1800. Therefore , the adjusting entry on December 31, which falls on a Wednesday will be to debit the wages expense, $1,800, and then credit to wages payable of $1,800.
Balance carried forward. Previous balance on an account which is carried over to be next billing period. Depending on the account terms, additional fees may be accessed if the total balance carried forward exceeds a certain amount.
A. if I remember my teacher saying so