Which of the following describes unearned revenues?
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Which of the following describes unearned revenues?
Question 10 Which of the following describes unearned revenues?...
Soru 14 Which of the following correctly describes the unearned revenue account? Yanitiniz: O The unearned...
Soru 14 Which of the following correctly describes the unearned revenue account? Yanitiniz: O The unearned revenue account represents revenue that has been collected, but not yet earned O The unearned revenue account represents revenue that has been earned and collected The unearned revenue account represents revenue that has been earned, but not yet collected O The unearned revenue account represents revenue that has neither been earned nor collected Yaniti temizle Geri Sonraki
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...
Assignment #10 The general ledger of Sunrise Ltd.’s shows the following selected liability accounts on December...
Assignment #10 The general ledger of Sunrise Ltd.’s shows the following selected liability accounts on December 1, 2019: Accounts payable $42,500 CPP payable $1,980 EI payable $902 Sales tax payable $6,224 Employee income tax payable $7,337 Unearned revenue $25,990 Sunrise Security Equipment and Services Ltd.’s business year ends on December 31. The company is using a perpetual inventory system. The following transactions occurred during the month of December: Date Description Dec, 1 Issued a three-month, 6% note payable in exchange...
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c....
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c. Unearned revenues; D. Allowance for doubtful accounts. B. Which of the following is not a current liability? Discount on Bonds Payable due in 7 years; Wages Payable; Estimated Warranty Payable for items sold with a one year warranty: Out of court litigation settlement liability due to be paid next month. B. Page 2 of 6 Which of the following is not a payroll tax...
Which of the following is a revenue account?
Which of the following is a revenue account?retained earningsfees earnedrent expenseunearned revenueWhich of the following accounts is increased with a debit?common stockprepaid insurancefees earnedunearned revenueWhich of the following errors will cause the trial balance totals to be unequal?entering an incorrect amount on the trial balancefailure to record a transaction or to post a transactionrecording the same transaction more than oncerecording the same erroneous amount for both the debit and the credit parts of a transactionWhich of the following types of...
Few lines in red Question: Prepare the current liabilities section of the balance sheet at January...
Few lines in red
Question: Prepare the current liabilities section of the
balance sheet at January 31, 2022. Assume no change in Accounts
Payable.
were incorrect. Any help with
it, please?
On January 1, 2022, the ledger of Sunland Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $43,300 7,400 19,800 During January, the following selected transactions occurred. Jan. 1 5 12 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold...
Required information [The following information applies to the questions displayed below.) Massa Company, which has been...
Required information [The following information applies to the questions displayed below.) Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2019 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands. Transactions for 2019: a. Provided $59,300 in services to clients who paid $48,900 in cash...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
Payroll taxes paid by employees include which of the following? O Federal income tax, federal unemployment...
Payroll taxes paid by employees include which of the following? O Federal income tax, federal unemployment tax, and Medicare O Social security, federal unemployment tax, and state unemployment tax O Social security, federal income tax, and federal unemployment tax O Federal income tax withheld, state income tax withheld, and Medicare Which of the following statements about bonds and notes is not correct? O A company can borrow the funds necessary to finance its activities using bonds or promissory notes O...
Springer Company, a sole proprietorship, had the following transactions in August Earned $4,000 of revenues on...
Springer Company, a sole proprietorship, had the following transactions in August Earned $4,000 of revenues on account, collected $4,000 from a customer for services provided last month; incurred $500 of repair expense and paid cash paid $500 for rent that it owed from the previous month. What is the net income in August? O A. $7,500 O B. $3,500 O C. $4,000 O D. $500 Click to select your answer G 1 6:06 PM /18/2020
Soru 14 Which of the following correctly describes the unearned revenue account? Yanitiniz: O The unearned revenue account represents revenue that has been collected, but not yet earned O The unearned revenue account represents revenue that has been earned and collected The unearned revenue account represents revenue that has been earned, but not yet collected O The unearned revenue account represents revenue that has neither been earned nor collected Yaniti temizle Geri Sonraki
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...
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c. Unearned revenues; D. Allowance for doubtful accounts. B. Which of the following is not a current liability? Discount on Bonds Payable due in 7 years; Wages Payable; Estimated Warranty Payable for items sold with a one year warranty: Out of court litigation settlement liability due to be paid next month. B. Page 2 of 6 Which of the following is not a payroll tax...
Few lines in red
Question: Prepare the current liabilities section of the
balance sheet at January 31, 2022. Assume no change in Accounts
Payable.
were incorrect. Any help with
it, please?
On January 1, 2022, the ledger of Sunland Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $43,300 7,400 19,800 During January, the following selected transactions occurred. Jan. 1 5 12 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold...
Required information [The following information applies to the questions displayed below.) Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2019 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands. Transactions for 2019: a. Provided $59,300 in services to clients who paid $48,900 in cash...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
Payroll taxes paid by employees include which of the following? O Federal income tax, federal unemployment tax, and Medicare O Social security, federal unemployment tax, and state unemployment tax O Social security, federal income tax, and federal unemployment tax O Federal income tax withheld, state income tax withheld, and Medicare Which of the following statements about bonds and notes is not correct? O A company can borrow the funds necessary to finance its activities using bonds or promissory notes O...
Springer Company, a sole proprietorship, had the following transactions in August Earned $4,000 of revenues on account, collected $4,000 from a customer for services provided last month; incurred $500 of repair expense and paid cash paid $500 for rent that it owed from the previous month. What is the net income in August? O A. $7,500 O B. $3,500 O C. $4,000 O D. $500 Click to select your answer G 1 6:06 PM /18/2020
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