(b) | Unearned | Service Revenue | Amount $ | ||
12/31 | 4,125 | 7/1 | 16,500 | ||
12/31 Bal. | 12,375 | =16500-4125 | |||
Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Sandhill Co. pays 516,500 to Pharoah...
On July 1, 2017, Sandhill Co. pays $16,500 to Pharoah Company
for a 2-year insurance contract. Both Companies have fiscal years
ending December 31.
a) Journalize the entry on July 1 and the adjusting entry on
December 31 for Pharoah Company. Pharoah uses the accounts Unearned
Service Revenue and Service Revenue.
(Record journal entries in the order presented in
the problem. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit...
On July 1, 2022, Wildhorse Co. pays $13,500 to Pharoah Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Pharoah Company, Pharoah uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles...
Current Attempt in Progress On July 1, 2017, Pharoah Company pays $15.000 to Blossom Company for a 2-year insurance contract. Both companies have fiscal years ending December 31 Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Company, Blossom uses the accounts Unearned Service Revenue and Service Revenue (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and entero for the...
Exercise 4-7 (Part Level Submission) July 1, 2017, Crane Com pa ny
pays $ 12,000 to Wil dhorse Co. for a 1-year insurance contract.
Both com pan ies have fiscal years ending December 31. 9)▲Post the
entry on July 1 and the adjustng entry on December 31 for
Willdhorse Co., (Post entries in the order of journal antries
presented In the previous part Uneamed Service Rvenue
CALCULATOR PRINTER VERLETON Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Crane...
Question 1 of 6 Current Attempt in Progress On July 1, 2022, Pharoah Co. pays $11,408 to Blossom Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Co. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when...
On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Company. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles...
Brief Exercise 3-4 On July 1, 2017, Splish Co. pays $14,760 to Blossom Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Insurance Co. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account...
The
red are incorrect
Brief Exercise 3-6 Your answer is partially correct. Try again. On July 1, 2019, Metlock, Inc. pays $16,500 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do...
Brief Exercise 3-06 On July 1, 2019, Oriole Co. pays $19,500 to Sheffield Insurance Co, for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Sheffield Insurance Co. Sheffield uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in...
On July 1, 2022. Carla Vista Co. pays $14,632 to Sandhill Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sandhill Co. Sandhill uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Post the entry on July 1 and...