User Account

All Pages

What the transaction is recorded as

Assignment Help Financial Accounting
Reference no: EM132817506

Problem 1: On 1 July 2021, Enron Ltd received $880 (including GST) in advance from their customer for services to be rendered on 15 July 2021. The transaction is recorded as:

Select one:

A DR Cash at bank $880; CR Unearned Revenue $800; CR GST Payable $80
B DR Unearned Revenue $880; CR GST receivable 88, CR Cash $792
C DR Cash at bank $880; CR GST receivable $80; CR Unearned Revenue $800
D DR Accounts Receivable $800; DR GST Receivable $80; CR Unearned Revenue $880

Reference no: EM132817506

Questions Cloud

Find what will be the price of the bonds : The yield to maturity on similar A bonds is 12.5 percent. What will be the price of these bonds if they receive either an A or a AA? rating?
What is Ashley Adjusted Gross Income : Salary $90,000 Interest income on bonds-Issued by City of Nashville $4,000. What is Ashley's Adjusted Gross Income (AGI) for 2020
Which entries correctly records the purchase of land : Which entries correctly records the purchase of land for $300 000 financed by a $100 000 cash deposit with the balance payable via a 10-year, 8% loan?
What type of research reveals better outcomes and why : Describe the difference between the Qualitative and Quantitative research; discuss what type of research reveals better outcomes and why?
What the transaction is recorded as : Enron Ltd received $880 (including GST) in advance from their customer for services to be rendered on 15 July 2021. The transaction is recorded as
Develop a plan of education and anticipatory guidance : Develop a plan of education and anticipatory guidance for the family. How would you apply this information to a larger population?
How caterpillar stock has performed : How Caterpillar's stock has performed (rather than the fixed 3% rate). This change in the retirement-benefit formula will cause the appropriate discount rate
Create a strategy map for the ajo medical center : Create a strategy map for the Ajo Medical Center as described in the discussion preparation this week. For the discussion, share an image of your strategy map.
What does your state board of florida nursing say : What does your State Board of Florida Nursing say about Unlicensed Assistive Personnel and their role, and the role of the Registered Nurse?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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