Business
Business, 08.10.2019 18:00, anonymousgirl2002

Which of the following is an example of accrued revenue?

(a) snow removal services that have been provided but have not been billed or paid
(b) snow removal services that has been provided and paid on the same day
(c) an agreement that has been signed for snow removal services for the next three months
(d) snow removal services that have been paid for three months in advance

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Business, 27.09.2019 20:00, tmontefalcon2424
Luong corporation encounters the following situations: identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued revenue) is needed in each situation at december 31, 2020. 1. luong collects $1,300 from a customer in 2020 for services to be performed in 2021. 2. luong incurs utility expense which is not yet paid in cash or recorded. 3. luong’s employees worked 3 days in 2020 but will not be paid until 2021. 4. luong performs services for customers but has not yet received cash or recorded the transaction. 5. luong paid $2,800 rent on december 1 for the 4 months starting december 1. 6. luong received cash for future services and recorded a liability until the service was performed. 7. luong performed consulting services for a client in december 2020. on december 31, it had not billed the client for services provided of $1,200. 8. luong paid cash for an expense and recorded an asset until the item was used up. 9. luong purchased $900 of supplies in 2020; at year-end, $400 of supplies remain unused. 10. luong purchased equipment on january 1, 2020; the equipment will be used for 5 years. 11. luong borrowed $12,000 on october 1, 2020, signing an 8% one-year note payable.
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Business, 05.10.2019 02:10, keke6361
Joss distributors had the following revenue-related transaction during december: collected cash for services provided in november, $12,000 provided services on account, $24,500, of which joss collected $14,000 received $2,000 on december 1 for services to be provided evenly in december and january. according to the revenue recognition principle, how much revenue should joss record for december?
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Business, 06.10.2019 09:01, Arealbot
Lei company accumulates the following adjustment data at december 31. 1. services provided but not recorded total $1,000. 2. supplies of $300 have been used. 3. utility expenses of $225 are unpaid. 4. services related to unearned service revenue of $260 were performed 5. salaries of $800 are unpaid. 6. prepaid insurance totaling $350 has expired. for each of the above items indicate the following. (enter answers in alphabetical order.) (a) the type of adjustment (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses). (b) the status of accounts before adjustment (overstatement or understatement).
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Which of the following is an example of accrued revenue?

(a) snow removal services that...

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