A client pays a company the full 12000.

Unearned revenue is the amount received from a client for a service that has yet to be rendered. Since the company has received the full balance over the services not yet provided. As of December 31, the unearned revenue will be $12,000.On october 1 a client pays a company the full 12000 balance of a year long contract. Using the accrual method what is the unearned revenue as of December 31. Answer by Guest. Based on the amount the client paid on October 1, the unearned revenue as at December 31 is $9,000.Accounting questions and answers. eo Saved Help Save & Exit Checl Required information Knowledge Check 01 On January 1, a company pays one year of rent in advance for $12,000 ($1,000 per month). On January 31, the adjusting entry is recorded as: Multiple Choice Debit Prepaid Rent $1,000, Credit Cash $1,000 Debit Rent Expense $1,000, …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 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. $12,000

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. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction?

On December 1, the company paid $12,000 for 12 months of insurance coverage beginning on that date. The payment was recorded with a debit in that amount to the Insurance Expense account. Complete the necessary adjusting entry by selecting the account names and dollar amounts from the drop-down menus. Date Account Title Debit … Notify the credit card companies in order to negotiate a payment plan. Study with Quizlet and memorize flashcards containing terms like Which financial product typically pays the highest rate of interest?, Troy has $50.00 a month transferred electronically from his checking account to his savings account. This is an example of:, When a person ...

May 11, 2022 · Note that in this scenario, revenues and expenses should be recognized in the same period. So, By the use of accrual method, the unearned revenue as of December 31 1 is $ 12,000. See full question below. 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 ... Jul 2, 2023 · 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. $12,000 Billy will pay $5,100 in interest on his $12,000 student loan over a 10-year period at an annual interest rate of 4.25%, using the simple interest calculation. Explanation: To calculate the total amount of interest Billy will pay on his $12,000 student loan at an annual interest rate of 4.25% over 10 years, we can use the formula for simple ... 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? Solution Business; Accounting; Accounting questions and answers; Gomez Management Services Inc. accepts an 18-month, 12%, $5,000 note receivable from a client in settlement of an outstanding accounts receivable on November 1, 2018. The client pays off the note on April 30, 2020. Gomez should recognize interest revenue in 2020 of

Warren zeiders national anthem video

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. $12,000

The business's assets (cash or bank account) are first reduced by $12,000 when it pays $12,000 ($1,000 per month) ... 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.Unearned revenue is the amount received from a client for a service that has yet to be rendered. On October 1 , a client pays a company the full $ 12,000 balance of a yearlong contract. Using the accrual method, what's the unearned revenue as of December 31.2 Nov 2022 ... ... ($12,000/$50,000 = 24% x tax paid to Idaho). ... Client Co pays for Consulting Corp's services directly. ... relative to Dealer Co's total receipts.Feb 17, 2023 · 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? Trump has watched Cohen testify against him before. During last year’s civil fraud trial against Trump and his company, Cohen was a key witness for the New York …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.

Cerritos College - Enroll today for summer and fall classes!Accounts Payable. On August 1, Sierra Sports purchases $12,000 of soccer equipment from a manufacturer (supplier) on credit. Assume for the following examples that Sierra Sports uses the perpetual inventory method, which uses the Inventory account when the company buys, sells, or adjusts the inventory balance, such as in the following …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. Load more. New questions in Business. Information can sometimes be better presented using (1 point) O long gray or black blocks of text O small font charts or graphs Onone of …12 Dec 2018 ... In this example, we will recognize $1,000 a month over a twelve month period. At the end of twelve months, we have recognized the full $12,000 ...In today’s competitive business landscape, having a powerful professional company profile is essential for success. Your company profile is the first impression potential customers...

The original purchase price of the merchandise was $88,000, however, Garden Company returned $12,000 worth, therefore, their payable amount would be $88,000 - $12,000 = $76,000. Based on the terms 1/15, net 45, Garden Company is entitled to a 1% discount if they pay within the first 15 days.

The original purchase price of the merchandise was $88,000, however, Garden Company returned $12,000 worth, therefore, their payable amount would be $88,000 - $12,000 = $76,000. Based on the terms 1/15, net 45, Garden Company is entitled to a 1% discount if they pay within the first 15 days. 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 to rendered to their client. Inconclusion using the accrual method, the unearned revenue as of December 31 is $12,000. Glass Bottle Coffee Company is a calendar year, accrual-basis taxpayer. On October 1, 2017, Glass Bottle sold a 24-month subscription contract for $2,400. The client paid the full amount in cash. Under the contract, Glass Bottle delivers 20oz...A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction? a. Debit cash$10,000, credit …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.In the world of business, first impressions matter. And when it comes to showcasing your company to potential clients, investors, or even employees, a well-crafted company profile ...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 …Sep 6, 2023 · A landlord plans to take out a $12,000 loan to cover the cost of a new roof for a rental home. if the loan has a 5% annual interest rate compounded continuously and the landowner plans to pay off the loan in 16 months, what is the total amount owed? $12,999.44 $12,827.27 $21,600.00 $26,706.49 In this scenario, where a client has agreed to pay a contractor $45,000 and has already made a $15,000 down payment, the remaining balance of $30,000 should be posted as accounts receivable. ... 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 …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 …

Antioch ca obituaries

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. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction?

Try focusing on one step at a time. You got this! To approach this problem, distribute the 10,800 for 12 months. Journal entry worksheet 1 4 5 6 On April 2, the company prepaid $10,800 cash for twelve months' rent for office space. Prepare the required adjusting entry, if any. Note: Enter debits before credits.Cash. $12,000. 1-15-2020. Unearned Revenue. $12,000. By posting the payment to the unearned revenue account, the revenue will not be recognized until the goods or services are provided. On January ...Cathy deposit $12,000 into the bank account that pays 6% interest compounded quarterly then The account balance be in the seven year is 18,207. ... 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.Business. Accounting questions and answers. 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 …Western Company has total available cash of $42,000 (Beg $12,000 & Cash receipts $30,000) but they have to pay obligation in the amount of $34,500. As a result, it will cause their balance below the maintaining amount.The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $6,000 cash cushion. ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, …Unearned revenue is the amount received from a client for a service that has yet to be rendered. On October 1 , a client pays a company the full $ 12,000 balance of a yearlong contract. Using the accrual method, what's the unearned revenue as of December 31.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. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction?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. $12,000profile. Jamessmith76. Final answer: As of December 31, the unearned revenue is $9,000. This is calculated by determining the monthly service rate from the …Cerritos College - Enroll today for summer and fall classes!

The financial institution should record the cash deposit of $12,000 on the business day following the bank holiday to ensure accurate and up-to-date accounting. ... 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.A company 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 loaned 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 purchased at the beginning of the year for cash.Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing. FTX estimates that it owes creditors …Instagram:https://instagram. lindsay craigslist Study with Quizlet and memorize flashcards containing terms like Gates Accounting Services (GAS), a sole proprietorship, entered into a new 18-month office space contract on September 15, Year 1, paying the full $36,000 rent contract to the real estate company on that day (lease expiration March 15, Year 3). Assuming that GAS reports on a calendar … valu market mid city mall The Brown Co. prepared a tax return and sent the client a bill. The journal entry would include a ... debit to accounts receivable and a credit to service revenue. If Matisse Co. pays $12,000 for rent that will cover the next 6 months, overall. ... When a company pays cash for an expense, overall. frankfort ohio amish store Answer. No one rated this answer yet — why not be the first? 😎. profile. MichaelAnsara. report flag outlined. Final answer: Under the accrual accounting method, …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. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction? fleet farm oakdale mn A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows: Amount per Unit Direct materials $ 10.00 Direct labor $ 6.00 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 5.00 Fixed selling expense $ 3.50 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative ...On october 1 a client pays a company the full 12000 balance of a year long contract. Using the accrual method what is the unearned revenue as of December 31. Answer by Guest. Based on the amount the client paid on October 1, the unearned revenue as at December 31 is $9,000. phoenix az assessor 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. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction? umani festival moses lake Accounting questions and answers. Answer the following 30 questions please. Q1. On November 1, Year One, a company is paid $12,000 in advance to do a job for a customer. The job has ten separate steps. The first four steps were completed in Year One and the remaining six steps were completed in Year Two. The accountant mistakenly believed that ...Study with Quizlet and memorize flashcards containing terms like Which financial product typically pays the highest rate of interest?, Troy has $50.00 a month transferred electronically from his checking account to his savings account. This is an example of:, When a person is reconciling a checking account and notices that the balance in the … costco elk grove gas If the company desires to have an ending inventory of 80% of the next month's sales. It means that the ending inventory for August = 80% × 15,000 = 12,000 units. Let the units to be produced in August be G, then; 8000 + G - 12000 = 12000. G = 12000 + 12000 - 8000 = 16000 units. The company should produce 16,000 units in August. 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... 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. mary bruce profile. jpdvolleybal9422. 05/26/2023. Business. High School. verified. answered • expert verified. On October 1, a client pays a company the full $12,000 …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. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction? calimar To make the total pay the same, we can set Total Pay1 equal to Total Pay2: $12000 + $900x = $18400 + $500x. Now, we can solve this equation to find the value of 'x', which represents the number of cars needed to make the total pay the same. Subtracting $500x from both sides: $12000 + $400x = $18400. Subtracting $12000 from both sides: $400x = $6400Compare Mortgages Companies in Your Area & Read Mortgage Company Reviews ♦ Browse Over 528 Mortgage Lenders & Find the Best Mortgage Company WalletHub makes it easy to find the bes... 55398693ae A landlord plans to take out a $12,000 loan to cover the cost of a new roof for a rental home. if the loan has a 5% annual interest rate compounded continuously and the landowner plans to pay off the loan in 16 months, what is the total amount owed? $12,999.44 $12,827.27 $21,600.00 $26,706.49 culvers rochelle il Question. A company performs $10,000 of services and issues an invoice to the customer. Using the accrual method. what's the correct entry to record the transactions? (A) Debit unearned revenue$10,000, credit sales revenue $10,000. (B) Debit accounts payable$10,000, credit sales revenue $10,000. (C) Debit services expense$10,000, credit sales ...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. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction?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.