Homework Answers
Journal entries
| Date | Account titles and explanations | Debit $ | Credit $ |
| July 1,2022 | Cash | 14,632 | |
| Unearned revenue | 14,632 | ||
| Dec 31,2022 |
Unearned service revenue ($14632/24 months X 6 months) |
3658 | |
| Service revenue | 3658 |
Posting of transactions
Unearned services revenue
| Dec 31,2022 | $3658 | July 1 ,2022 | $14,632 |
| Dec 31,2022(bal.) | $10974 |
Service revenue
| ................. | ............... | Dec 31,2022 | $3658 |
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Question 3 of 12 -/1 View Policies Current Attempt in Progress On July 1, 2022, Carla...
On July 1, 2022. Carla Vista Co. pays $14,632 to Sandhill Co. for a 2-year insurance contract
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...
Question 1 of 6 Current Attempt in Progress On July 1, 2022, Pharoah Co. pays $11,408...
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....
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...
On July 1, 2022, Wildhorse Co. pays $13,500 to Pharoah Company for a 1-year insurance contract....
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...
On July 1, 2017, Carla Vista Co. pays $16,000 to Sheridan Company for a 1-year insurance...
On July 1, 2017, Carla Vista Co. pays $16,000 to Sheridan 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 Sheridan Company. Sheridan 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...
Current Attempt in Progress On July 1, 2017, Pharoah Company pays $15.000 to Blossom Company for...
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...
On July 1, 2017, Carla Vista Co pays $16,000 to Sheridan Company for a 1-year insurance...
On July 1, 2017, Carla Vista Co pays $16,000 to Sheridan Company for a 1-year insurance contract. Both companies have fiscal years ending December PLUS Sport For Carla Vista Cojournalize the entry on July 1 and adjusting entry on December 31. (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 are automatically indented when the amount is entered. Do...
On July 1, 2017, Ivanhoe Company pays $13,000 to Sunland Company for a 2-year insurance contract....
On July 1, 2017, Ivanhoe Company pays $13,000 to Sunland Company for a 2-year insurance contract. Both companies have fiscal years ending December Journalize the entry on July 1 and the adjusting entry on December 31 for Sunland Company, Sunland 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 are...
On July 1, 2017, Sandhill Co. pays $16,500 to Pharoah Company for a 2-year insurance contract....
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...
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co....
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
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...
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...
On July 1, 2017, Carla Vista Co pays $16,000 to Sheridan Company for a 1-year insurance contract. Both companies have fiscal years ending December PLUS Sport For Carla Vista Cojournalize the entry on July 1 and adjusting entry on December 31. (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 are automatically indented when the amount is entered. Do...
On July 1, 2017, Ivanhoe Company pays $13,000 to Sunland Company for a 2-year insurance contract. Both companies have fiscal years ending December Journalize the entry on July 1 and the adjusting entry on December 31 for Sunland Company, Sunland 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 are...
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...
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
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