Classify the following as revenues or expenses assuming Bowen Company uses the accrual basis of accounting:
A. Bowen Company provides $ 4,500 in services to a client and sends the client a bill.
B. Bowen Company provides $ 1,500 in services to a client who pays in cash.
C. Bowen Company receives a bill for $ 200 for utilities from the power company.
D. Bowen Company pays $ 250 in cash for this week’s advertising.
E. Bowen Company’s employees work all week earning $ 4,000. Bowen pays its employees monthly.
F. Bowen Company provides $ 8,000 in services to a client. The client has no money so he gives Bowen some computer equipment instead.

  • CreatedMarch 25, 2015
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