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Jones Company collected $16,000 in May of 2020 for 4 months of service which would take...
Sheridan Company collected $18500 in May of 2020 for 5 months of service which would take...
Sheridan Company collected $18500 in May of 2020 for 5 months of service which would take place from October of 2020 through February of 2021. The revenue reported from this transaction during 2020 would be O $11100 O $7400 O $18500 O $0.
Ayayai Corp. collected $15920 in May of 2021 for 4 months of service which would take...
Ayayai Corp. collected $15920 in May of 2021 for 4 months of service which would take place from October of 2021 through January of 2022. The revenue reported from this transaction during 2021 would be: $11940 . $0. $3980. $15920.
Wilhelm Company collected $7,200 in May of 2020 for 4 months of service which would take...
Wilhelm Company collected $7,200 in May of 2020 for 4 months of service which would take place from October of 2020 through January of 2021. The amount reported as cash flow from operating activities would be? A 7200 B 5400 C 0 D 1800
XYZ Company collected $91,800 in June of 2019 for 9 months of service which would take...
XYZ Company collected $91,800 in June of 2019 for 9 months of service which would take place from October of 2019 through June 2020. The revenue reported from this transaction during 2019 (On December 31) would be: 16,400 10,200 91,800 30,600
20. Skypress Company collected S1,200 in May of 2016 for 4 months of servce revenue reported...
20. Skypress Company collected S1,200 in May of 2016 for 4 months of servce revenue reported would take place from October of 2016 through January of 2017. The from this transaction during 2016 would be: A) S0 B) $8,400 C $11,200. ) $2,800
XYZ Company collected $91,800 in June of 2019 for 9 months of service which would take...
XYZ Company collected $91,800 in June of 2019 for 9 months of service which would take place from October of 2019 through June 2020. What is the adjusting entry need for the balance sheet? Increase Cash / Increase Deferred Revenue Increase Cash / Increase Revenue Decrease Unearned Revenue / Increase Revenue Decrease Unearned Revenue / Decrease Expense
Fahad Company collected $25,000 in advance on October 1st for 5 months of services which would...
Fahad Company collected $25,000 in advance on October 1st for 5 months of services which would be provided from the start of October of 2016 through end of February of 2017. The revenue reported from this transaction during 2016 would be SO O $10,000 $15.000 525.000
Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the...
Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $230,000 from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During 2021, the following cash flows were recorded: $ 450,000 Cash collected for: Services to customers Cash paid for: Salaries Supplies Rent Insurance Miscellaneous Net operating cash flow $ 193,000 38,000 22,000 12,000 33,000 298,000 $152,000 You are able to determine...
if you could help me with #3 please. thank you The following transactions occurred during December...
if you could help me with #3 please. thank you
The following transactions occurred during December 31, 2021, for the Microchip Company. 1. On October 1, 2021, Microchip lent $87,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022. 2. On November 1, 2021, the company paid its landlord $8,400 representing rent for the months of November through January. Prepaid rent was debited. 3. On August 1, 2021, collected $14,400...
Exercise 2-18 (Algo) Cash versus accrual accounting (LO2-9) Stanley and Jones Lawn Service Company (S&J) maintains...
Exercise 2-18 (Algo) Cash versus accrual accounting (LO2-9) Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $160,000 from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During 2021, the following cash flows were recorded: $380,000 Cash collected for: Services to customers Cash paid for: Salaries Supplies Rent Insurance Miscellaneous Net operating cash flow $186,000 31,000 15,000 12,000 26,000 270,000...
Sheridan Company collected $18500 in May of 2020 for 5 months of service which would take place from October of 2020 through February of 2021. The revenue reported from this transaction during 2020 would be O $11100 O $7400 O $18500 O $0.
20. Skypress Company collected S1,200 in May of 2016 for 4 months of servce revenue reported would take place from October of 2016 through January of 2017. The from this transaction during 2016 would be: A) S0 B) $8,400 C $11,200. ) $2,800
Fahad Company collected $25,000 in advance on October 1st for 5 months of services which would be provided from the start of October of 2016 through end of February of 2017. The revenue reported from this transaction during 2016 would be SO O $10,000 $15.000 525.000
Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $230,000 from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During 2021, the following cash flows were recorded: $ 450,000 Cash collected for: Services to customers Cash paid for: Salaries Supplies Rent Insurance Miscellaneous Net operating cash flow $ 193,000 38,000 22,000 12,000 33,000 298,000 $152,000 You are able to determine...
if you could help me with #3 please. thank you
The following transactions occurred during December 31, 2021, for the Microchip Company. 1. On October 1, 2021, Microchip lent $87,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022. 2. On November 1, 2021, the company paid its landlord $8,400 representing rent for the months of November through January. Prepaid rent was debited. 3. On August 1, 2021, collected $14,400...
Exercise 2-18 (Algo) Cash versus accrual accounting (LO2-9) Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $160,000 from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During 2021, the following cash flows were recorded: $380,000 Cash collected for: Services to customers Cash paid for: Salaries Supplies Rent Insurance Miscellaneous Net operating cash flow $186,000 31,000 15,000 12,000 26,000 270,000...
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