Debit Accounts Receivable $10,000; credit Landscaping Revenue, $10,000. Using the accrual method, what's the correct entry to record the transaction? Under the accrual method, you'd record that $10,000 as revenue the day the sale is made. A company received $5,000 cash for performing services for a customer. What is the amount of the discount that will be taken? A received cash on account journal entry is needed when a business has received cash from a customer and the amount is not allocated to a particular customer invoice or the customer has not yet been invoiced. ksst news obituaries If the order is accepted, costs will increase to $82,000. Find step-by-step Accounting solutions and the answer to the textbook question A company receives $10,000 in cash for services yet to be performed. -Debit Cash $10,000 and credit Unearned Revenue $10,000 A company received a bill of $3,500 for utilities used in the current month. However, like any technology, it is not immune to issues. logan county herald obituaries A school district near here receives $10,000 in annual revenue and spends $2,500 on education (R) while spending the remaining revenue on everything else (X) Graph the PPF/Budget constraint, with R on the x axis, and indicate the current expenditure choice, m b. Dividends per share Oceanic Company has 10,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $15 par common stock. Debit Landscaping Revenue, $8,700; credit Cash, $8,700. When a company receives $10,000 in cash for services yet to be performed using the accrual accounting method, the correct entry to record this transaction is to debit cash and credit unearned revenue. , MMM Pizza bought $1,500 of equipment on account (i, on credit). The potential customer is willing to pay $0 Current sales are $90,000 and current costs are $75,000 for 90,000 units. susan ave understated affected 4. ….

Calioe Company receives a $10,000, 4-month, 3% promissory note from Ella Company in settlement of an open accounts receivable. (When the cash was received on January 1, assume that a liability account was credited. Oct 1, 2017 · Find step-by-step Accounting solutions and the answer to the textbook question a receives $10,000 cash in advance for four months of legal services on October 1, 2017, and records it by debiting Cash and crediting Unearned Revenue both for$10,000. The seller asked for $11,000, but Byrde paid only $10,000 after negotiation. The terms of payment allow for a discount of 2. xfinity menu guide Using the accrual method, what's the correct entry to record the transaction? A. Debit Cash $10,100; credit Landscaping Revenue, $10,100. Increases assets and increases owner’s equity. FedEx has become one of the most trusted and reliable shipping companies in the world. flathead lake waterfront homes for sale , MMM Pizza bought $1,500 of equipment on account (i, on credit). Bluetooth receivers can be built into devices,. Which is the most appropriate journal entry for this payment received on May 5? Group of answer choices. If your company provides a $10,000 service to a key client and the purchase order is signed on July 1, the accrual accounting method would recognise this $10,000 as being earned on July 1,. superman vore The potential customer is willing to pay $0 Current sales are $90,000 and current costs are $75,000 for 90,000 units. ….

Under the accrual and cash basis of accounting respectively the deposit would be recorded as A. A company receives $10,000 cash from each of its owners to get started as a business A company pays a dividend to its stockholders A company pays cash for the purchase of equipment to be used … Answer to If a company invests $10,000 (year 0) and receives. when is the next blooket event retained earnings increase. Received in the course of your trade or business, 4. blue yeti mushroom