Debit cash$10,000, credit accounts receivable $10,000 Debit cash$10,000, credit sales revenue$1 0,000 Debit sales revenue$10,000, credit cash $10,000 A company receives $10,000 of maintenance supplies into Central Store Inventory at month end but does not receive an invoice from the vendor. A company received $5,000 cash for performing services for a customer. What would the effect of this transaction on the company’s current month accounting equation? Select one: A. According to a vehicle-related benefits survey in 2011 by World at Work, the average car allowance per month is $500 to $900 depending on the position of the employee The amount an employee can expect to receive as a Christmas bonus varies. AT&T is one of the most popular telecommunications companies in the world, providing a range of services to millions of customers. 1950percent27s vintage clothing Accrual Basis: a liability | Cash Basis: a liability B. This month, a company receives $5,000 from a regular customer, of which $3,000 is for products delivered last month and $2,000 is for products that will be delivered next month. Consumer redress is a policy that requires companies who sell goods and products to abide by all relevant consumer laws. What amount does Byrde record on its financial statements for the truck?, Snell Company performs services … Question: Classify each of the following business activities as either an operating activity, investing activity, or financing activity. honda rancher check engine light code list Answer to A company receives $10,000 in cash for services yet to be performed. Debit Cash $10,100; credit Landscaping Revenue, $10,100. If you or a loved one is facing mobility challenges, a mobility bath can greatly enhance everyday life. 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. This lesson will cover how to create journal entries from business transactions Performed work for customers and billed them $10,000 Accounts Receivable: 10,000 Services Revenue: 10,000: 9. Using the accrual method. baller r34 total cash received within 1 year of the initial payment to total more than $10,000, or c. ….

2) Ramesh had bought 90 shares of the company at Rs 150 per share. Green Widget records the receipt with a debit of $10,000 to the cash account and a credit of $10,000 to the customer advances account. Find the amount invested by him and the dividend received by him in cash 92, some 2 100 shares and investing the proceeds in 5% Rs 115, a person increased his annual income by Rs. (When the cash was received on January 1, assume that a liability account was credited. The potential customer is willing to pay $0 Current sales are $90,000 and current costs are $75,000 for 90,000 units. 11. billy graham 33rd degree mason Therefore, Cash is decreased by $10,000 as a result of the payment. A company receives $10,000 from a customer for services rendered. Company X receives $10,000 from issuing 10,000 shares of $1 par value common stock to its owners. The accounting equation is still in balance The effect of every transaction is an increase or a decrease in one or more of the accounting equation elements. zillow real estate nj Received from the same buyer (or agent), and 5. With every new subscriber, Caden debits Cash and credits Unearned Subscription Revenue for the amounts recolved. Using the accrual method, what's the correct entry to record the transaction? A. Taylor has the following assets and liabilities:Two cars$ … Business; Economics; Economics questions and answers; 2. 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. husband AND Kelly Tuminelli So it is not yet classified as income, company needs to record it as unearned revenue which is the current liability. ….

Start by setting up the equation for the present worth of the annual series of receipts, , where P/A represents the present worth factor, i is the rate of return, and 5 is the number of years. The potential customer is willing to pay $0 Current sales are $90,000 and current costs are $75,000 for 90,000 units. weather forecast las vegas 10 day One of the perks that comes with this status is the opportunity to receive free products for reviewin. Show transcribed image text. If no adjusting entry is made at year end, how will the financial statements be affected? Select one: a. plaid lawsuit payout date