User Account

All Pages

How would you record the January transaction

Assignment Help Accounting Basics
Reference no: EM132710703

Problem - On January 24, 20Y8, Niche Consulting collected $5,700 it had billed its clients for services rendered on December 31, 20Y7. How would you record the January 24 transaction, using the accrual basis?

A. Increase Cash, $5,700; decrease Fees Earned, $5,700

B. Increase Accounts Receivable, $5,700; increase Fees Earned, $5,700

C. Increase Cash, $5,700; decrease Accounts Receivable, $5,700

D. Increase Cash, $5,700; increase Fees Earned, $5,700

Reference no: EM132710703

Questions Cloud

What type of strategic alliance that form your selected firm : What type of strategic alliance that form your selected firms? Explain its different reasons.
What is a comparative multicultural approach : What is revealed when we look at the history of the potato famine historically and through the experiences of many different group of people?
What the effect on the balance sheet and income statement : The balance in the unearned rent account for Jones Co. as of December 31 is $1,200. What the effect on the balance sheet and income statement
Explain what the robinson-patman act prohibits : Explain what the Robinson-Patman Act prohibits, what is required to show a violation, and what the defenses are.
How would you record the January transaction : Niche Consulting collected $5,700 it had billed its clients for services rendered on December 31, 20Y7. How would you record the January 24 transaction
Economic events influence on economic activity analysis : Write a analysis assessing how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity:
When would the lawyer record the revenue for the fees : Assume that a lawyer bills her clients $15,000 on June 30, for services rendered during June. When would the lawyer record the revenue for the fees
What is the sultan attitudes toward european : What is the sultan's attitudes toward European? What kinds of details does he include about the Turks? Why do you think he centered on those details as opposed
Problem - Gross Profit Percent and Markup Percent : Problem - Gross Profit Percent and Markup Percent - Compute the gross profit percent for Years 1 and 2. Round to one decimal place

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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