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On October 1, a client pays a company the full $12,000 balnace of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31? a. $0 b. $1,000 c. $5,000 d. $9,000 e. $12,000The non-profit sold its existing fleet of vehicles, with a book value of $12,000, for $15,000. It paid for the new vehicles in cash on October 1, 2019, at a ...Question:-On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what’s the unearned revenue as of December 31? Answer. Under accrual method, the entire $12,000 would have classified as an unearned revenue since on October 1st of that year; a client pays this amount in full.Click here 👆 to get an answer to your question ️ On October 1, when a client pays a company the full $12,000 balance of a year-long contract using the accru ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.

Payment dates for the goods and services tax/harmonized sales tax credit, GST/HST, are available from the Canada Revenue Agency, states the Government of Canada. As of 2015, the ag...

On September 1, 2019, Two Sisters Company pays $36,000 cash for six months rent. The balance in prepaid rent on December 31, 2019, after adjustment, would be: $24,000. $0. $6,000. $12,000. 5. The links among the financial statements are: a. ending capital from the income statement to the statement of owner's equity.The client paid $14,500 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $7,200 of the tuition revenue has been earned by WTI.

Descriptions: On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what’s the unearned revenue as of December 31. More : On October 1, a client pays a company the full $12,000 balance of a year-long"Mary invests £12000 in a savings account. The account pays 1.5% compound interest per year. Work out the value of her investment after two years" Using the relationship: A = P(1+r/100)^n. Where P is the principal = amount invested = £12000. r is the compound interest = 1.5%. n is the time = 2years. A is the amount compounded after n …On October 1, Helen Kennedy invested $68,000 cash in the business. This transaction does not affect account 202. ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of …In today’s digital age, freelance writing has become a popular way for individuals to earn a living while pursuing their passion for writing. Upwork is one of the largest online pl...

Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets Get the answers you need, now! ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.

Find an answer to your question If Houston Company billed a client for $12,000 of consulting work completed, ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's …

Advertisement In general, all of the machines on the Internet can be categorized as two types: servers and clients. Those machines that provide services (like Web servers or FTP se...Why It Matters; 3.1 Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements; 3.2 Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions; 3.3 Define and Describe the Initial Steps in the Accounting Cycle; 3.4 Analyze Business Transactions Using the Accounting …May 12, 2022 · The unearned revenue as of December 31 will be $ 12,000. Reason been that the amount that the client paid the company is for a year- long contract, hence the $ 12,000 represent a prepayment amount for the service the company is yet too rendered to their client. Thus, using the accrual method, the unearned revenue as of December 31 is $ 12,000. You get an invoice on July 1- for $800 net 1/10 30 days you pay your bill on July 15 how much is it? accounting. On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, ... On October 1, a client pays a company the full $12,000 balance of a year long contract.On October 1, when a client pays a company the full $12,000 balance of a year-long contract using the accrual method, what's the unearned revenue as of December 31? …July 2. Paid php. 15,000 cash for the rent of office space for the month. July 4. Purchased php. 12,000 of additional equipment on credit (due within 30 days). July 8. Completed awork for a client and immediately collected the php. 32,000 cash. July 10. Completed work for a client and sent a bill for php. 27,000 to be paid within 30 days. July 12.

On July 1, 2015, Damlen Jurado Company pays $12,000 to its insurance company for a 2-year insurance policy. Instructions Prepare the necessary journal entries for Damlen Jurado on July 1 and December 31. Ex. 227. On July 1, 2015, Jeffrey Underwriters Associates received $8,000 from a client for a 2-year insurance policy. InstructionsOn October 1, a client pays a company the full $12,000 for a year-long contract. Using the accrual method, we spread this revenue over the 12 months it covers. By December 31, three months have passed, equating to a quarter of the contract term. As such, the company has earned one quarter of the payment, which is $3,000 ($12,000 / 4).On October 1, the client pays the company the balance of $12,000 for the full year's contract. What is the unearned revenue as of December 31 using the accrual method? Find answers to your questions and analyze the negative impact of unemployment on the individual's psychology.On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the Accrual method, what's the unearned revenue as of December 31? Submitted …Prepare journal entries for each of the following transactions for a company that has a fiscal year-end of December 31: (1) on October 1, $12,000 was paid for a one-year fire insurance policy; (2) on June 30 the company advanced its chief financial officer$10,000; principal and interest at 6% on the note are due in one year; and (3) equipment costing $60,000 was …On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what’s the unearned revenue as of December31?...On September 1, 2019, Two Sisters Company pays $36,000 cash for six months rent. The balance in prepaid rent on December 31, 2019, after adjustment, would be: $24,000. $0. $6,000. $12,000. 5. The links among the financial statements are: a. ending capital from the income statement to the statement of owner's equity.

Answer. Under accrual method, the entire $12,000 would have classified as an unearned revenue since on October 1st of that year; a client pays this amount in full. …

Click here 👆 to get an answer to your question ️ midshipmen company borrows $12,000 from falcon company on july 1, ... 2024. midshipmen repays the amount borrowed and pays interest of 12% (1%/month) on june 30, 2025. loading. See answer. loading. plus. Add ... On October 1, a client pays a company the full $12,000 balance of a year-long ...On July 1, 2027, Damlen Jurado Company pays $12,000 to its insurance company for a two-year insurance policy. Prepare the necessary journal entries for.Damien Jurado on July 1 and December 31 . (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. Descriptions: On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what’s the unearned revenue as of December 31. More : On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what’s the unearned revenue as of December 31. Transcribed image text: On October 1, the company receives $14,000 from a customer for a one-year property insurance policy. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31. On November 28, 2021, Shocker receives a $2,250 payment from a customer For services to be rendered evenly over ...Mar 25, 2013 ... I have a client that did notify ... I receive a water bill in October and when I phoned to pay ... I help in a small shop with 1 toilet and 1 sink .Answer. No one rated this answer yet — why not be the first? 😎. MichaelAnsara. report flag outlined. Final answer: Under the accrual accounting method, …

Cash 480, Rent Income 480, To record the receipt of one- year rent paid in advance Rent Income 160, Unearned Rent 160, Unearned portion of the 1- year rent paid in advance. On August 1, 2021, Entity C paid one-year insurance of 360,000. Provide the journal entry to record the prepayment on August 1, 2021 under each of the following methods: a.

ISBN: 9781337788281. Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach. Publisher: Cengage Learning. Solution for On December 31, Year 1, a company signed a one-year contract to provide services to a particular customer for …

Click here 👆 to get an answer to your question ️ Q5- At the end of each year, ABC Company pays 12,000 rent for a machine under as year lease agreement. ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.Q On October 1, 2022, Jeremiah, ... Under the lease terms, Dontrell pays 24 months' rent ($24,000) in advance on November 1. How much can Dontrell deduct for rent in 2022? a. $12,000 b. $2,000 c. $24,000 d. $18,000. BUSINESS ACCOUNTING. Loading. Answer & Explanation. Solved by AI. Generating Answer. Related Textbook Solutions.Solved step-by-step. Solved by verified expert. Created on Sept. 15, 2022, 3:39 p.m. Company Inc. enters into a 10-year finance lease at the beginning of 2021 for a total of $250,000. The annual lease payment is $25,000 (payable at the end of each year) and the rate implicit in the lease is 5%. No initial direct costs are incurred. Let’s assume that a company is started on December 1 and arranges for business insurance to begin on December 1. On December 1 the company pays the insurance company $12,000 for the insurance premiums covering one year. The company will record the payment with a debit of $12,000 to Prepaid Insurance and a credit of $12,000 to Cash. Alejandro Consulting paid $2500 cash for a 5-month insurance policy that begins on March 1. Determine the general journal entry to record the cash payment. Prepaid Insurance 2500 debit; Cash 2500 credit. Sharp Services provided $800 of consulting work and $100 of design work to the same client.Business Accounting On July 1. 2022, Damlen Jurado Company pays $12,000 to its insurance company for a 2-year insurance policy Prepare the necessary journal entries for Damlen Jurado on July 1 and December 31. (Credit account titles are automatically iIndented when the amount is entered. Do not Indent manually.Payment dates for the goods and services tax/harmonized sales tax credit, GST/HST, are available from the Canada Revenue Agency, states the Government of Canada. As of 2015, the ag...Q On July 1, 2015, Damlen Jurado Company pays $12,000 to its insurance ... Answered over 90d ago. 100 % Q On July 1, 2015, Jeffrey Underwriters Associates received $8,000 from a client for a 2-year insurance policy. Prepare th. Answered over 90d ago. 100 % Q Transactions for Tom Petty Company for the month of October are presented ...July 1, 2022 Crane company pays $9920 to Wildhorse company for a 2-year insurance contract. ... To record this transaction on July 1, Wildhorse debits Cash ... On October 1, a client pays a company the full $12,000 balance of a year-long contract.

In today’s digital age, freelance writing has become a popular way for individuals to earn a living while pursuing their passion for writing. Upwork is one of the largest online pl...This is done by subtracting the estimated residual value ($12,000) from the cost of the machine ($120,000) and dividing it by the total estimated working hours (10,000). ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.On October 1, a customer pays your company $800 for four months of services (October through January). By the Get the answers you need, now! ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.Instagram:https://instagram. texas lotto cash 5 winning numberstaylor swift liverpool ticketsbit of springfield graffiti crosswordschoology pizza edition Concept explainers. Question. On October 1, Hughes Company paid $12,000 for two years of insurance in advance. Hughes Company recorded the transaction by debiting Prepaid …On October 1, the client pays the company the balance of $12,000 for the full year's contract. What is the unearned revenue as of December 31 using the accrual method? Find answers to your questions and analyze the negative impact of unemployment on the individual's psychology. quality inn near me reviewssunday u haul rental On October 5, 2015, ... A municipal bond you are considering as an investment currently pays a yield of 6.91 percent. a. ... A client in the 30 percent marginal tax bracket is comparing a municipal bond that offers a 4.8 percent yield to maturity and a similar risk corporate bond that offers a 6.75 percent yield. literotica doll Question: On October 1, 2022, Grey Matter Inc. (a calendar year end corporation) pays $24,000 in advance for rent on a warehouse that covers the period October 1, 2022 through September 30, 2023. When this transaction is recorded on October 1, 2022, Grey Matter Inc. will: decrease Cash $24,000 and increase Rent …Answer. Under accrual method, the entire $12,000 would have classified as an unearned revenue since on October 1st of that year; a client pays this amount in full. …