I think it's C
I hope it helped you!
Answer:
unearned service revenue 7,500 DEBIT
service revenue 7,500 CREDIT
Explanation:
the job is complete on July 31th
so <em>we write-off the unearned service reveue</em>
and <em>we recognize the service revenue </em>for the whole amount of the contract
The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.
the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed
The following are the adjusting entries:
- Wages Expense 8000
Wages Payable 8000
- Depreciation Expense – Equipment 18000
Accumulated Depreciation – Equipment 18000
- Office Supplies Expense 5000
Office Supplies 5000
- Insurance Expense 2800
Prepaid Insurance 2800
- Interest Receivable 1050
Interest Revenue 1050
- Interest Expense 2500
Interest Payable 2500
Answer:510 students
Explanation: given that total student is 850
And Of every 10 student 6 will have to sit for a refresher math course
Hence the number that will need a refresher math course will be (850/10)*6= 510
Or better still to better understand this let's use the crossing multiplication method
of 10 student 6must do a refresher math then
Of 850 students x must do a refresher math
Cross multiplying we have
X=(850*6)/10=510 students
