Identify the journal entry below that properly records

Assignment Help Accounting Basics
Reference no: EM132195397

Question - A company provided $12,000 of consulting services to a customer on account. The customer promises payment in 30 days. Identify the journal entry below that properly records this transaction.

Reference no: EM132195397

Questions Cloud

What is the gain or loss on sale of the stocks : Paul sold 300 shares of Acme Corporation stock for $50 per share on May 3, 2015. What's the gain or loss on sale of the stocks
Evaluate marketing opportunities : Describe statistical methods and techniques used to evaluate marketing opportunities, including forecasting techniques.
Describe the development phases : Describe the development phases of an M&A and the respective HR implications.
Organization in the competitive global business environment : What impact change has on the organization in the competitive global business environment?
Identify the journal entry below that properly records : The customer promises payment in 30 days. Identify the journal entry below that properly records this transaction
Whirlpool could do to eliminate bias and glass ceilings : What are three things a manager at Whirlpool could do to eliminate bias and glass ceilings?
Compute the monthly payments : Compute the monthly payments on a 4-year lease for a $25379 car if the annual rate of depreciation is 11% and the lease's annual interest rate is 3.5%
Delegating management style would be implemented : The delegating management style would be implemented successfully when:
What are mark cuban most notable accomplishments : What are Mark Cuban's most notable accomplishments? What is Mark Cuban's style in the context of motivational and management theories?

Reviews

Write a Review

Accounting Basics Questions & Answers

  The board of directors of a corporation are elected by the

the board of directors of a corporation are elected by the corporate registrar. b. are responsible for day-to-day

  Compute the break-even point in dollars

Midlands Inc. had a bad year in 2016. Compute the break-even point in dollars under each of the alternative courses of action for 2017

  Prepare necessary journal entries at the balance sheet date

A U.S firm carried a receivable for $400,000 yen. Assuming that the direct exchange rate declined from $.009 at the date of the transaction to $.006.

  Fionnula co uses a periodic inventory system its records

fionnula co. uses a periodic inventory system. its records show the following for the month of may in which 65 units

  The simplex financial system is characterized by a required

the simplex financial system is characterized by a required reserves ratio of 11 percent initial excess reserves are 1

  Classify each of these items as an asset or liability

The following items were taken from the balance sheet of Nike, Inc. Classify each of these items as an asset, liability, or stockholders' equity

  Defined contribution pension plan

Briefly describe the difference between a defined contribution pension plan and a defined benefit pension plan

  How AASB incorporate changes to international accounting

ACCT20074: Assessment. How does the AASB incorporate changes to international accounting standards into the Australian accounting standards

  Vidmar agencies is a fast-growing advertising agency

vidmar agencies is a fast-growing advertising agency. currently their sales are at 700000. they expect their sales to

  Discuss similarity and difference between us gaap and ifrs

Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting? If there is a convergence between U.S. GAAP and IFRS.

  What is the dividend yield and capital gains yield

The next dividend payment by Halestorm, Inc., will be $2.04 per share. What is the required return? What is the dividend yield and capital gains yield?

  Prepare the journal entry to record the bond issue

Morgan Corporation issues $100,000 of 5% (paid annually), three-year bonds on June 1. Prepare the journal entry to record the bond issue

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd