User Account

All Pages

Tao co receives 10000 cash in advance for 4 months of legal

Assignment Help Accounting Basics
Reference no: EM13590030

Tao Co. receives $10,000 cash in advance for 4 months of legal services on October 1, 2013, and records it by debiting Cash and crediting Unearned Revenue both for $10,000. It is now December 31, 2013, and Tao has provided legal services as planned. What adjusting entry should Tao make to account for the work performed from October 1 through December 31, 2013?

Reference no: EM13590030

Questions Cloud

Express the cost as a function of the number of toaster : question a small-appliance manufacturer finds that it costs 9000 to produce 1000 toaster ovens a week and 12000 to
Question a house contains one 12-foot-times-14-foot bedroom : question a house contains one 12-foot-times-14-foot bedroom one 12-foot-times-10-foot bedroom and one
Which of the managers most frequently use as a system to : which of the managers most frequently use as a system to identify deviations in conjunction with the variance analysis
A fisherman in a small boat starts at the point 80 60 and : near a boy the depth of a lake at the point with coordinates x y is z 200 0.02x2 - 0.001y2 where x y and z are
Tao co receives 10000 cash in advance for 4 months of legal : tao co. receives 10000 cash in advance for 4 months of legal services on october 1 2013 and records it by debiting cash
Discuss with your team dq 4 in your lt forum and submit the : discuss with your team dq 4 in your lt forum and submit the final lt response by saturday under this thread. responses
The production department of zan corporation has submitted : the production department of zan corporation has submitted the following forecast of units to be produced by quarter
At a certain moment car a is 03 km from the intersection : car a is traveling north on highway 16 and car b is traveling west on highway 83. each car is approaching the
What are the factors that are causing many companies to : what are the factors that are causing many companies to refine their costing systems to obtain more accurate measures

Reviews

Write a Review

Accounting Basics Questions & Answers

  Abc system activities-unit-related

Discuss the differences between unit-related, batch-related, and product-sustaining activities. Give one example of each type of activity.

  Youve studied a variety of debt instruments bonds are

youve studied a variety of debt instruments. bonds are unique in several significant ways and their differences impact

  A 400000 capital investment proposal has an estimated life

a 400000 capital investment proposal has an estimated life of four years and no residual value. the minimum desired

  What is an example of a significant accounting estimate

what is an example of a significant accounting estimate? what is the importance of these estimates? how do ethics play

  What is the contribution margin ratio

Hunter inc. sells unique product with the following information available: Sales price $100 per unit variable costs $40 per unit fixed costs $19,500 units produced and sold 1,300. If one more unit is sold how much will net operating income incr..

  Well design management accounting system

Discuss and elaborate the characteristics of an effective and well design management accounting system.

  Analyze the financial situation of a business is ratio

One basic method that an accountant can use to analyze the financial situation of a business is ratio analysis.

  Computing regular corporate tax and corporate amt

What is Gigantic Corporation's net tax liability if its taxable income is $325,000 and it has a general business credit of $125,000?

  Discuss and compare sterlings scientific approach

Discuss and compare Sterlings scientific approach to standard setting with the judicial or jurisprudential approach of Stamp.

  Determine the amount of overhead allocated to the wool

american fabrics has budgeted overhead costs of 997920. it has allocated overhead on a plantwide basis to its two

  Activity-based costing and management

How does activity-based costing differ from other forms of costing? What about activity-based management? Are activity-based costing and management suitable to all companies? Why or why not?

  Safe travel is concerned with the high upfront cost of

safe travel produces car seats for children from newborn to 2 years old. the company is worried because one of its

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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