Homework Answers
Correct answer------------(A) We have not performed the service, but we have been paid by the customer.
.
Unearned fees is the amount of cash received from the customers in advance for services to be performed. The unearned service is recorded as earned when service is actually performed.
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Unearned Fees represents when OA) we have not performed the service, but we have been paid...
Which of the following accounts will not be closed at the end of the year? OA)...
Which of the following accounts will not be closed at the end of the year? OA) Fees Earned OB) Unearned Rent OC) Salaries Expense OD) Depreciation Expense
please answer boxes Adjusting Entries for Unearned and Accrued Fees The balance in the unearned fees...
please answer boxes
Adjusting Entries for Unearned and Accrued Fees The balance in the unearned fees account, before adjustment at the end of the year, is $110,730. Of these fees, $68,655 have been earned. In addition, $13,290 of fees have been earned but have not been billed. a. Journalize the adjusting entry to adjust the unearned fees account. If an amount box does not require an entry, leave it blank. Unearned Fees Fees Earned ✓ Feedback Check My Work Consider...
Which of the following is a factor of production? OA) Money OB) Service OC) Bonds OD)...
Which of the following is a factor of production? OA) Money OB) Service OC) Bonds OD) Knowledge
Which of the following is an asset? OA. Common Stock OB Service Revenue OC. Salary Expense...
Which of the following is an asset? OA. Common Stock OB Service Revenue OC. Salary Expense OD. None of the listed accounts is an asset
e dtakeAssig Calculator Par value Oa. represents the original selling price for a share of stock....
e dtakeAssig Calculator Par value Oa. represents the original selling price for a share of stock. Ob. is established for a share of stock after it is issued. Oc. is the monetary value assigned per share in the corporate charter Od. represents what a share of stock is worth.
QUESTION 24 An income statement would not include OA discontinued operations. OB dividends paid. OC other...
QUESTION 24 An income statement would not include OA discontinued operations. OB dividends paid. OC other revenue and gains. OD extraordinary items. QUESTION 26 Generally, the most important category on the statement of cash flows is cash flows from OA operating activities. OB investing activities OC. financing activities OD. significant noncash activities
At Sugarland Ltd. prepaid costs are debited to expense when cash is paid and unearned revenues...
At Sugarland Ltd. prepaid costs are debited to expense when cash is paid and unearned revenues are credited to revenue when the cash is received. During January of the current year, the following transactions occurred. Received $11,100 for services to be performed in the future. Paid $3,600 for casualty insurance protection for the year. Paid $5,700 for supplies Jan. 2 2 10 On January 31, it is determined that $3,500 of the service revenue has been earned and that there...
Prepaid expenses are eventually expected to become a. expenses in the period when they are paid...
Prepaid expenses are eventually expected to become a. expenses in the period when they are paid Ob. revenues when the liability is no longer owed c. expenses when their future economic value expires or is used up Od. revenues when services are performed Given the following data: EC SL,Year 1 $120,000 80,000 Total liabilities $128,250 95,000 Total owner's equity Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places. Oa. 1.50 and 1.07, respectively...
At Pronghorn Corp., prepaid costs are debited to expense when cash is paid and unearned revenues...
At Pronghorn Corp., prepaid costs are debited to expense when cash is paid and unearned revenues are credited to revenue when the cash is received. During January of the current year, the following transactions occurred. Jan. 2 Received $10,100 for services to be performed in the future. Paid $3,672 for casualty insurance protection for the year. Paid $4,650 for supplies. 10 On January 31, it is determined that $3,460 of the service revenue has been earned and that there is...
If the spring OB has been stretched 45 mm and has a k = 1.0 kN/m, determine the tension in (a) rope OA, (b) rope OC, and...
If the spring OB has been
stretched 45 mm and has a k = 1.0 kN/m, determine the tension in
(a) rope OA, (b) rope OC, and (c) rope OD needed to hold the mass
of 22.94 kg. Note: Rope OD is in the x-y plane. (Hint: Fsp =
k(Δx))
If the spring OB has been stretched 45 mm and has a k = 1.0 kN/m, determine the tension in (a) rope OA, (b) rope OC, 2. and (c) rope...
Which of the following accounts will not be closed at the end of the year? OA) Fees Earned OB) Unearned Rent OC) Salaries Expense OD) Depreciation Expense
please answer boxes
Adjusting Entries for Unearned and Accrued Fees The balance in the unearned fees account, before adjustment at the end of the year, is $110,730. Of these fees, $68,655 have been earned. In addition, $13,290 of fees have been earned but have not been billed. a. Journalize the adjusting entry to adjust the unearned fees account. If an amount box does not require an entry, leave it blank. Unearned Fees Fees Earned ✓ Feedback Check My Work Consider...
Which of the following is a factor of production? OA) Money OB) Service OC) Bonds OD) Knowledge
Which of the following is an asset? OA. Common Stock OB Service Revenue OC. Salary Expense OD. None of the listed accounts is an asset
e dtakeAssig Calculator Par value Oa. represents the original selling price for a share of stock. Ob. is established for a share of stock after it is issued. Oc. is the monetary value assigned per share in the corporate charter Od. represents what a share of stock is worth.
QUESTION 24 An income statement would not include OA discontinued operations. OB dividends paid. OC other revenue and gains. OD extraordinary items. QUESTION 26 Generally, the most important category on the statement of cash flows is cash flows from OA operating activities. OB investing activities OC. financing activities OD. significant noncash activities
At Sugarland Ltd. prepaid costs are debited to expense when cash is paid and unearned revenues are credited to revenue when the cash is received. During January of the current year, the following transactions occurred. Received $11,100 for services to be performed in the future. Paid $3,600 for casualty insurance protection for the year. Paid $5,700 for supplies Jan. 2 2 10 On January 31, it is determined that $3,500 of the service revenue has been earned and that there...
Prepaid expenses are eventually expected to become a. expenses in the period when they are paid Ob. revenues when the liability is no longer owed c. expenses when their future economic value expires or is used up Od. revenues when services are performed Given the following data: EC SL,Year 1 $120,000 80,000 Total liabilities $128,250 95,000 Total owner's equity Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places. Oa. 1.50 and 1.07, respectively...
At Pronghorn Corp., prepaid costs are debited to expense when cash is paid and unearned revenues are credited to revenue when the cash is received. During January of the current year, the following transactions occurred. Jan. 2 Received $10,100 for services to be performed in the future. Paid $3,672 for casualty insurance protection for the year. Paid $4,650 for supplies. 10 On January 31, it is determined that $3,460 of the service revenue has been earned and that there is...
If the spring OB has been
stretched 45 mm and has a k = 1.0 kN/m, determine the tension in
(a) rope OA, (b) rope OC, and (c) rope OD needed to hold the mass
of 22.94 kg. Note: Rope OD is in the x-y plane. (Hint: Fsp =
k(Δx))
If the spring OB has been stretched 45 mm and has a k = 1.0 kN/m, determine the tension in (a) rope OA, (b) rope OC, 2. and (c) rope...
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