1) Extreme sports sold 3,870 monthly subscriptions at $39 each for services provided during February. $22,995...
1) Extreme sports sold 3,870 monthly subscriptions at $39 each for services provided during February. $22,995 was collected in cash and the rest was cold on account.
What is the credit to service Revenue?
2)The accounts payable began with a balance of $520, the account had debits of $961 and credits of $650.
The ending balance of accounts payable is$____
Homework Answers
1) The amount credited to service revenue A/c will be = 3870*39
= $ 150,930
The Amount of 22,995 is also included in service revenue .
The journal entry will be
Cash A/c 22,995
Accounts Receivable A/c 127,935
Service Revenue A/c 150,930
2) The begining balance of Accounts payable will be Credit = 520
(-) debit = (961)
(+) credit = 650
Ending balance ( 520+650-961) = $ 209
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1) Extreme sports sold 3,870 monthly subscriptions at $39 each
for services provided during February. $22,995...
Extreme sports sold 3,870 monthly subscriptions at $39 each for services provided during February. $22,995 was...
Extreme sports sold 3,870 monthly subscriptions at $39 each for services provided during February. $22,995 was collected in cash and the rest was cold on the account. What is the DEBIT to service Revenue?
Need these answered asap please. Also need breakdown on how you got answer please. Thank you....
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I need help filling out the charts with the given information. Thanks in advance! Acct 2400...
I
need help filling out the charts with the given information. Thanks
in advance!
Acct 2400 Project 1 - Accounting Cycle Name: This assignment is due at the beginning of class on Tue. Oct. 1 ... late submissions (even within the class period on the due date) will be assessed a late penalty. This project is worth 30 points Note: This cover page must be printed with the rest of the packet and submitted as the first page of the...
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stockholder's equity?
2) The Accounts Payable began with a balance of $847 , the
account had debits of $551 and credits of $744.
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3)
4) EBN Sports operates a game facility. They offer monthly
memberships for and also offer guest passes for nonmembers. They
also sell gift cards and offer concession snacks...
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I
need help filling out the charts with the given information. Thanks
in advance!
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