User Account

All Pages

Was the revenue earned in march or april

Assignment Help Accounting Basics
Reference no: EM132540210

Question - During March, Thuy Bui's business performed services for a specific customer for which the fee was $9000. Payment was received in the following April.

Required -

a) Was the revenue earned in March or April?

b) What journal entries should be recorded under accrual accounting in March and April?

c) What journal entries should be recorded under cash accounting in March and April?

Reference no: EM132540210

Questions Cloud

Two assets funding the plan : A pension plan is obligated to make disbursements of $1.4 million, $2.4 million, and $1.4 million at the end of each of the next three years, respectively.
Explain how this principle impacts data security : Explain how this principle impacts data security.
Find the value of the monthly payment : A family buys a house worth $326,000. They pay $75,000 deposit and take a mortgage for the balance at J12=9% p.a. to be amortized over 30 years
Big data analytics with business intelligence : How businesses have integrated Big Data Analytics with their Business Intelligence to gain dominance within their respective industry.
Was the revenue earned in march or april : Thuy Bui's business performed services for a specific customer for which the fee was $9000. Was the revenue earned in March or April
Post the journal entries to the t-accounts : Post the journal entries to the T-accounts. No posting references are needed. Show the December 31, 2018 balances on the T-accounts
When investigating alibi : When investigating alibi, the key things you need to focus on are time and location of the user, based on the computing devices used in commission of crime.
How much will be in the Deferred Rent Revenue account : How much will be in the Deferred Rent Revenue account by the end of the year, after the adjusting entries have been prepared and posted
Calculate the average price per share : On December 15, Eagle issues an additional 1000 shares for $9 per share. Calculate the average price per share. Journalize the two transactions

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