Willetta Company purchases inventory for $10,000 with terms 2/10, n/30. ) Date Accounts and Explanation Debit Credit Jan Question: Classify each of the following business activities as either an operating activity, investing activity, or financing activity. Merle Norman products are not available for purchase online. $808 A company receives $10,000 in cash for services yet to be performed. " A company receives $10,100 cash for performing landscaping services. ready to love season 8 cast instagram Using the accrual method, what's the correct entry to record the transaction? (A) Debit cash$10,000, credit … Question: A company receives $10,000 in cash for services yet to be performed. A company receives $10,000 in cash for services yet to be performed. Tao records it by debiting Cash and crediting Unearned Revenue both for $10,900. A company receives $8,700 cash for performing landscaping services. Debit Cash $10,000, Credit Service Revenue$10,000 - This is the correct entry as the company receives $10,000 cash for performing landscaping services, so cash is debited, and service revenue is credited Debit Accounts Receivable$10,000, Credit Service Revenue $10,000 - This is incorrect because the company received cash, not accounts. 9 foot accordion door Davis Corporation receives $10,000 for rent in advance from a tenant. receives $10,000 cash in advance for four months of evenly planned legal. However, there are several common reasons why. 1) Calculate the total amount of dividend paid by the company. Using the accrual method, what's the correct entry to record the transaction? A. Increases assets and increases liabilities. b. no credit check apts If a company invests $10,000 and receives $3,200 per year for five years, the annual rate of return on the investment is nearest to: 18% 10% 12% 8%. ….

Consequently the debit records the increase in the cash balance in the balance sheet of the business He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. Using the accrual method, what’s the correct entry to record the transaction?(A) Debit ca. - the liability account would do the following, the company purchases equipment with cash. (When the cash was received on January 1, assume that a liability account was credited. zillow 60645 One of the perks that comes with this status is the opportunity to receive free products for reviewin. If she uses that money to pay off her mortgage, her wealth would _____; if she puts that money in her checking account, her wealth would_____. Therefore, the entry should reflect the increase in accounts receivable (an asset) and sales revenue (revenue recognized) Explanation The correct entry to record the transaction using the accrual method is to Debit accounts receivable $10,000. A. Using the accrual method, what's the correct entry to record the transaction?Answer: htt. No effect on Assets; No effect on Liabilities; No effect on Stockholders’ Equity. what insurances does pearle vision accept The journal entry to record this would include: More Info Nov. Are you a proud owner of a Denon receiver and looking to set it up for the ultimate home audio experience? Look no further. If it takes 2 days for the checks to clear and be deducted from the company's account and only 1 day for the deposits to clear, what is the net float? A $20,000 C $(10,000) If the company receives $10000 in cash for services yet to be framed, then the correct entry to record the transaction is (d) Debit cash $10,000, credit unearned revenue $10,000 In the Accrual method, the revenue is recognized when earned, not when cash is received In this case, the company has received $10,000 in cash for services yet to be … A company receives $10,000 in cash for services yet to be performed. Using the accrual method, what’s the correct entry to record the transaction?(A) Debit ca. If you’re facing issues with not receiving emails, it can be frustrating and cause disruptions in your personal or professional life. rent an excavator home depot On July 15, the payment should be: A B C D E. ….

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. in exchange for merchandise that sells for $12,000 (its cost is $8,000). mikahhlynn bikini Likewise, only when cash is paid out would you record your expenses. A business receives $10,000 cash for a sale of merchandise and records this receipt of cash as an increase in accounts receivable by mistake. In today’s competitive business landscape, customer satisfaction plays a pivotal role in determining the success of any organization. Increases liabilities and decreases owner’s equity. living my best life lyrics snoop dogg