1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mariarad [96]
3 years ago
7

The Unearned Revenue account of Professor Incorporated began 2018 with a normal balance of $5,000 and ended 2018 with a normal b

alance of $11,000. During 2018​, the Unearned Revenue account was credited for $24,000 that Professor will earn later. Based on these​ facts, how much revenue did Professor earn in 2018​?
Business
1 answer:
Nady [450]3 years ago
7 0

Answer: $18,000

Explanation:

Given that,

Began 2018 with a Normal balance = $5,000

Ended 2018 with a normal balance = $11,000

Unearned Revenue account was credited = $24,000

Revenue earned by professor in 2018 :

= Beginning unearned revenue + Advance payments - Ending unearned revenue

= $5,000 + $24,000 - $11,000

= $18,000

Therefore, $18,000 revenue earned by professor in 2018.

You might be interested in
Managerial implications for the SDT theory include: Group of answer choices to motivate high performance for uninteresting jobs
geniusboy [140]

Answer:

to motivate high performance for uninteresting jobs make performance contingent on extrinsic rewards.

Explanation:

Extrinsic rewards means the motivation i.e. controlled and produced via payment, awards and appreciations. In the case when the job is not interesting so the motivation level should be high in this situation and when the job is interesting the motivation level should not high

So as per the given situation, the above statement should be considered as an answer

4 0
3 years ago
A check drawn by a credit union on its account at a federally insured bank would be an example of a:
Ivenika [448]
A check drawn by a credit union on its account at a federally insured bank would be an example of a cashier check. It is a type of check that is being issued by the bank being withdrawn from the own funds of the bank and being signed by the cashier of the bank. These are classified as guaranteed as funds since it is the bank that is held responsible for the payment of the amount. These are usually used in real estate and transactions pertaining to brokerage. This type of check has the name of the bank that issued it in an obvious location and it has improved security features like color shifting ink, security thread and watermarks.
8 0
3 years ago
The following are selected 2017 transactions of Sean Astin Corporation.
Vadim26 [7]

Answer and Explanation:

The Journal entries are shown below:-

A. a. Purchase Dr, $50,000

           To Accounts payable $50,000

(Being purchase of inventory is recorded)

b.Accounts payable Dr, $50,000

            To Notes payable $50,000

(Being issuance of notes is recorded)

c.Cash Dr, $50,000

  Discount on notes payable Dr, $4,000

             To Notes payable $54,000

(Being amount borrowed from bank and issued notes is recorded)

B. a. Interest expenses Dr, $1,000 ($50,000 × 8% × 3 ÷ 12)

            To Interest payable $1,000

(Being interest expenses is recorded)

b. Interest expenses Dr, $1,000 ($4,000 × 3 ÷ 12)

                 To Discount on notes payable $1,000

(Being interest expenses is recorded)

C. The Computation of interest-bearing note and the zero-interest-bearing note is shown below:-

Interest-bearing note = Note payable + Interest payable

= $50,000 + $1,000

= $51,000

Zero-interest-bearing note = Note payable - Discount

= $54,000 - ($4,000 - $1,000)

= $54,000 - $3,000

= $51,000

8 0
3 years ago
What is one reason that a person might want to be an entrepreneur?
kupik [55]

Answer:

They can be their own boss.

6 0
3 years ago
Read 2 more answers
Guidance and discipline strategies in emergency child care setting should ?
NeTakaya
As a licensed foster mom, the answer is F. All of above
4 0
2 years ago
Other questions:
  • At the beginning of 2017, Yummy Cupcakes, Inc. has the following ledger balances: Accounts Receivable $40,000 (Debit) Allowance
    13·1 answer
  • Which of these is not a critical point about an employer's decision-making process?
    8·1 answer
  • How does CSS differ from HTML?
    5·1 answer
  • MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the c
    13·1 answer
  • A real estate investment that is most similar to a mutual fund specializing in real estate investment is called a
    13·2 answers
  • The following data were collected during a study of consumer buying patterns:
    11·1 answer
  • Alex Guadet of Nashville, Tennessee, has been renting a two-bedroom house for several years. He pays $900 per month in rent for
    6·1 answer
  • To produce x units of a religious medal costs Upper C (x )equals 17 x plus 32. The revenue is Upper R (x )equals 25 x. Both cost
    13·1 answer
  • What is the correct answer...A, B, or C?
    11·2 answers
  • How do bonds earn income
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!