Business, 22.06.2021 05:30, azibur3191

Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time it happens under accrual-basis and cash-basis accounting methods. Event Accrual-Basis Cash-Basis
September: Receive cash in advance from customers for services to be performed in November.
selectRecord revenueDo not record revenue
selectRecord revenueDo not record revenue
October: Purchase supplies totaling $10,000 on account.
selectRecord expenseDo not record expense
selectRecord expenseDo not record expense
November: Receive cash for services performed in November.
selectRecord revenueDo not record revenue
selectDo not record revenueRecord revenue
November: Perform services for customers who paid in advance during October.
selectRecord revenueDo not record revenue
selectRecord revenueDo not record revenue
December: Pay cash for the supplies that were purchased in October.
selectRecord expenseDo not record expense
selectRecord expenseDo not record expense

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:20, melanie687

Homestead jeans co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. monthly fixed costs are $54,000, and variable costs are $29 per unit. the present selling price is $42 per unit. on november 12 of the current year, the company received an offer from dawkins company for 18,000 units of the product at $32 each. dawkins company will market the units in a foreign country under its own brand name. the additional business is not expected to affect the domestic selling price or quantity of sales of homestead jeans co. a. prepare a differential analysis dated november 12 on whether to reject (alternative 1) or accept (alternative 2) the dawkins order. if an amount is zero, enter zero "0". for those boxes in which you must enter subtracted or negative numbers use a minus sign.

Answers: 1

continue

Business, 22.06.2019 00:10, wolfycatsz74

Which of the following is a problem for the production of public goods?

Answers: 2

continue

Business, 22.06.2019 11:50, Paytonsmommy09

Which of the following does not offer an opportunity for timely content? evergreen content news alerts content that suits seasonal consumption patterns content that matches a situational trigger content that addresses urgent pain points

Answers: 2

continue

Business, 22.06.2019 19:00, williamsvilletiles

When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.

Answers: 2

continue

Do you know the correct answer?

Use the drop-down menus to indicate whether each of the following events would be recorded as revenu...