Answer:
The company should record it as unearned revenue.
Explanation:
Unearned revenue is the one which is received but services are not rendered. The cash has been received but the service is yet to be delivered. The financial transaction is recorded as prepayment or unearned revenue in the financial statements. When the services are rendered and the contract is completed an adjusting entry is made to record the final transaction. In the given scenario $5570 fee of the project has been received in advance and the company is recording remodeling fees earned. This should be recorded as unearned revenue till the services are completed.
Answer:
c
Explanation:
ehhhh look yooo loop hhahaha
I say its C. correct me if I'm wrong
1. I wonder why are deadly extreme sports more popular than ever?
2. I'm asking you who is the most determined person you know?
3. I'm curious to find out is it your first time to go mountain climbing?
4. The reason why I won't go hang gliding is because I'm afraid of heights.
5. I'm telling you be careful when you go skateboarding.
6. Do you know if there are more people trying rock climbing than ice climbing?
hope this helps!
