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43 45 Received $12,000 cash from a customer for services to be provided in the future....
Question 43 4 pts Received $12,000 cash from a customer for services to be provided in...
Question 43 4 pts Received $12,000 cash from a customer for services to be provided in the future. Account Name Debit Credit A. Cash 12,000 Accounts Receivable 12.000 B. Accounts Receivable 12.000 Cash 12,000 C. Cash 12,000 Unearned Revenue 12,000 12,000 D. Unearned Revenue Cash 12,000 Answer A O Answer B O Answer O Answer D None of the answers are correct. Question 44 4 pts Provided $7.000 worth of the services referred to in transaction Q43. Account Name Debit...
What is the entry to record 5500 received from a customer for services provided to that...
What is the entry to record 5500 received from a customer for services provided to that customer today? 500 A Cash Service Revenue 500 OB 500 Service Revenue Accounts Receivable 500 500 Cash Accounts Receivable 500 OD Dividends 500 Cash 500 Click to select your answer. MacBook Air
On July 7, Saints Inc. received $10,200 in cash from a customer for services to be...
On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. Which of the following describes how the transaction should be recorded on July 7? Multiple Choice Debit cash $10,200, credit deferred revenue $10,200 Debit accounts receivable $10,200, credit service revenue $10,200 o Debit cash $10,200, credit service revenue $10,200 o Debit deferred revenue $10,200, credit cash $10,200
If a business has received cash in advance of services performed and credits a liability account,...
If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be: O debit Unearned Service Revenue and credit Service Revenue. O debit Unearned Service Revenue and credit Accounts Receivable. O debit Unearned Service Revenue and credit Prepaid Expense. O debit Unearned Service Revenue and credit Cash.
ABC Catering received $1,120 cash from a customer for catering services to be provided next month....
ABC Catering received $1,120 cash from a customer for catering services to be provided next month. Given the choices below, determine the general journal entry that ABC Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts Multiple Choice Unearned Catering Revenue 1,120 Catering Revenue 1, 120 Cash 1, 120 Accounts Receivable 1, 120 Cash 1, 120 Unearned Catering Revenue 1.120 <Prev Nexb 16 of 39
Multiple choice. Herschel Inc. provided lanscaping services to $5,600. The customer was billed for the services....
Multiple choice. Herschel Inc. provided lanscaping services to $5,600. The customer was billed for the services. What journal entry should Herschel Inc. record? A) Debit Accounts Receivable 5,600; Credit Landscaping Revenue 5,600 B) Debit Cash 5,600; Credit Landscaping Revenue 5,600 C) Credit Landscaping Revenue 5,600; Debit Accounts Receivable 5,600 D) Debit Landscaping Revenue 5,600; Credit Cash 5,600
Determine the amount of cash received by the club, with respect to member services, during 2020....
Determine the amount of cash received by the club, with respect
to member services, during 2020.
Prepare journal entries for each of the following events that took place during 2020. (Hint: You will probably find it helpful to use T-accounts to analyze these data.) (1) (2) (3) Accounts receivable from 2019 were all collected. Gift certificates outstanding at the end of 2019 were all redeemed. (a) An additional $39,000 worth of gift certificates were sold during 2020. (b) A portion...
On October 31 of the current year, a contract was signed and achegue received for services...
On October 31 of the current year, a contract was signed and achegue received for services to be performed by October 31 of the following year. The neared Service Revenue account was credited for $4,500. Assuming services were performed evenly during the remainder of the sea the adjusting entry on December 31 will involve a: A) credit to Unearned Service Revenue 5800 B) credit to Service Revenue for $4,000 C) credit to Service Revenue 5800 D) debit to Unearned Service...
The following transactions occurred during July: 1. Received $900 cash for services provided to a customer...
The following transactions occurred during July:1. Received $900 cash for services provided to a customer during July.2. Received $2,200 cash investment from Bob Johnson, the owner of the business.3. Received $750 from a customer in partial payment of his account receivable which arose from sales in June.4. Provided services to a customer on credit, $375.5. Borrowed $6,000 from the bank by signing a promissory note.6. Received $1,250 cash from a customer for services to be performed next year.What was the...
No. Debits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,400 4,250 1,800 12,000...
No. Debits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,400 4,250 1,800 12,000 No. Credits 154 Accumulated Depreciation-Equipment 201 Accounts Payable 209 Unearned Service Revenue 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $ 2,000 2,600 1,200 700 10,000 3,950 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,700 for salaries due employees, of which $700 is for October salaries....
Question 43 4 pts Received $12,000 cash from a customer for services to be provided in the future. Account Name Debit Credit A. Cash 12,000 Accounts Receivable 12.000 B. Accounts Receivable 12.000 Cash 12,000 C. Cash 12,000 Unearned Revenue 12,000 12,000 D. Unearned Revenue Cash 12,000 Answer A O Answer B O Answer O Answer D None of the answers are correct. Question 44 4 pts Provided $7.000 worth of the services referred to in transaction Q43. Account Name Debit...
What is the entry to record 5500 received from a customer for services provided to that customer today? 500 A Cash Service Revenue 500 OB 500 Service Revenue Accounts Receivable 500 500 Cash Accounts Receivable 500 OD Dividends 500 Cash 500 Click to select your answer. MacBook Air
On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. Which of the following describes how the transaction should be recorded on July 7? Multiple Choice Debit cash $10,200, credit deferred revenue $10,200 Debit accounts receivable $10,200, credit service revenue $10,200 o Debit cash $10,200, credit service revenue $10,200 o Debit deferred revenue $10,200, credit cash $10,200
If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be: O debit Unearned Service Revenue and credit Service Revenue. O debit Unearned Service Revenue and credit Accounts Receivable. O debit Unearned Service Revenue and credit Prepaid Expense. O debit Unearned Service Revenue and credit Cash.
ABC Catering received $1,120 cash from a customer for catering services to be provided next month. Given the choices below, determine the general journal entry that ABC Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts Multiple Choice Unearned Catering Revenue 1,120 Catering Revenue 1, 120 Cash 1, 120 Accounts Receivable 1, 120 Cash 1, 120 Unearned Catering Revenue 1.120 <Prev Nexb 16 of 39
Determine the amount of cash received by the club, with respect
to member services, during 2020.
Prepare journal entries for each of the following events that took place during 2020. (Hint: You will probably find it helpful to use T-accounts to analyze these data.) (1) (2) (3) Accounts receivable from 2019 were all collected. Gift certificates outstanding at the end of 2019 were all redeemed. (a) An additional $39,000 worth of gift certificates were sold during 2020. (b) A portion...
On October 31 of the current year, a contract was signed and achegue received for services to be performed by October 31 of the following year. The neared Service Revenue account was credited for $4,500. Assuming services were performed evenly during the remainder of the sea the adjusting entry on December 31 will involve a: A) credit to Unearned Service Revenue 5800 B) credit to Service Revenue for $4,000 C) credit to Service Revenue 5800 D) debit to Unearned Service...
No. Debits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,400 4,250 1,800 12,000 No. Credits 154 Accumulated Depreciation-Equipment 201 Accounts Payable 209 Unearned Service Revenue 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $ 2,000 2,600 1,200 700 10,000 3,950 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,700 for salaries due employees, of which $700 is for October salaries....
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