What account would we credit

Assignment Help Accounting Basics
Reference no: EM132031881

Question - On December 31, we determined that $6,850 in revenue had been earned. We have not received any cash to date for this job and have not billed the client. What account would we credit when we record this adjusting entry in the general journal?

Reference no: EM132031881

Questions Cloud

Share ideas on how to get through it in healthiest manner : Share both the bright and dark sides of this time period and share ideas on how to get through it in the healthiest manner.
What amount debit when record the adjusting entry : On January 31, our supplies on hand totaled $2,000. What account and amount would we debit when we record the adjusting entry for office supplies on January 31
What account and amount would we debit : On December 31, we determined that $2,000 of the $5,000 had been earned during the current year. What account and amount would we debit
Explain the weaknesses related to professional skills : Being self-aware and self-reflective are qualities that can help a person in any profession, but they are especially helpful in psychology.
What account would we credit : On December 31, we determined that $6,850 in revenue had been earned. What account would we credit when we record this adjusting entry in the general journal
Identify main effects and interactions for factorial design : For this assignment, again, it is beneficial that you keep the topic you would like to research for the capstone proposal in mind.
What is the amount of income tax expense : Southeast Airlines had pretax earnings of $85 million, What is the amount of income tax expense that Southeast should report in its income statement
Domestic (australian) human rights or social justice issue : The oral presentation needs to be on a domestic (Australian) human rights or social justice issue
Discuss what you learned about your own moral reasoning : How do your answers compare with the answers of others who also participated in this experiment?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Beka company owns equipment that cost 56260 when purchased

beka company owns equipment that cost 56260 when purchased on january 1 2008. it has been depreciated using the

  Calculate cost of equity capital and prepare forecast

MAcc 652  Using the Valuation Software (Fall 2016). To utilize the UPS data file you will need to open excel on your computer. Click on file in the upper left hand corner to open your data file from your drive

  Compute the manufacturing overhead rate for the year

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $300,000.For the year, and machine usage is estimated at 125,000 hours. Compute the manufacturing overhead rate for the ye..

  Preparing a

preparing a comprehensive

  Compute the inventory at december 31 2005 2006 amp 2007

roberts company manufactures one product. on december 31 2004 roberts adopted the dollar-value lifo inventory method.

  If preparation of a periodic scrap report is essential in

if preparation of a periodic scrap report is essential in order to maintain adequate control over the manufacturing

  Why would organizations use such software

What is filtering software? Why would organizations use such software? What issues can arise from the use of this software?

  Discuss whether you agree or disagree with given statement

discuss whether you agree or disagree with this statement? Should forgiveness and reconciliation be the ultimate goal for all conflict resolution? Support your answer with appropriate resources.

  Presented below is information related to zonker company on

presented below is information related to zonker company.1. on july 6 zonker company acquired the plant assets of

  Win co produces a single product its normal selling price

win co. produces a single product. its normal selling price is 26.00 per unit. the variable costs are 16.00 per unit.

  What total amount of cost should be assigned

Units completed and transferred out 20,000. What total amount of cost should be assigned to the units completed and transferred out during June

  Small group communication theory introduction small group

small group communication theory introduction small group communication theory attempts to explain and predict group

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