on may 1,2009 abc received $1500 from abc for 18 months of advertising services. the cash receipt

Fantastic news! We've Found the answer you've been seeking!

Question:

on may 1,2009 abc received $1500 from abc for 18 months of advertising services. the cash receipt was recorded as unearned fees. as at dec 31, 2009 $1000 abc had earned fees of $1000 what is the dec 31 2009 adjusting entry

Related Book For answer-question

Financial And Managerial Accounting The Basis For Business Decisions

ISBN: 9781260247930

19th Edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

See More Books

Posted Date: Mar 11, 2024 06:46 AM

See More Questions

On May 1, 2004 Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30, 2005. The Cash receipt was recorded as unearned fees and at December 31,...
Terrific Temps fills temporary employment positions for local businesses. Some businesses pay in advance for services; others are billed after services have been performed. Advance payments are...
What has been the trend in sales over the years presented? July 29, July 30, 2023 2022 (Unaudited) (Unaudited) Net sales $ 5,164,072 100.0% $ 4,643,014 100.0% Cost of sales 3,115,603 60.3% 2,773,824...
Clemson Company had the following stockholders equity as of January 1, 2014. Common stock, $5 par value, 20,000 shares issued...........................$100,000 Raid-in capital in excess of...
Who is ultimately responsible for a company's strategy? Who does this individual (or individuals) call upon for help in formulating strategy for the firm? Discuss.
Melissa Khan alleges that on May 27, 2004, she entered into a lease and warranty agreement with Riverbank Motors Corporation, Inc. (the Dealership), for a new, 2004 Volkswagen Toureg (the Vehicle),...
Saints, Inc., has the following data available for two of its divisions for last year: The tax rate for Saints, Inc., is 30 percent. a. Compute the following for each division: (1) Sales margin (2)...
(1 point) A local polka band wants to make and sell CDs of its songs. Suppose it costs $ 1000 to record, S 450 to edit, and S 350 for album artwork, and suppose each CD that is manufactured will cost...
Clean Duds Laundromat has an industrial water softener that enhances the water quality used in its washing machines. The water softener is approaching the end of its useful life and must be either...
Franklin Company owns 40% of the voting common stock of Academic Services Incorporated. Franklin uses the equity method to account for its investment. On January 1, 2024, the balance in the...
Osborne Company acquired three machines in a package deal for an amount less than the combined fair value of the assets. How should Osborne record the cost of the assets on its books?
Under the Fair Value through Net Income Method, what events must be recorded when the equity investment is sold?
In order to accurately calculate an employee's pay, it is important that payroll clearly understands the different types of employee remuneration. In your own words, list and define the four...
Does an auditor need to specialize in IT auditing in order to complete their audit?Explain. Explain the segregation of duties in an IT environment.
when you get error message account not in logical order. In sage 50 2022 . How to go about to fix that ?
Salem is a newly licensed insurance agent working with his first set of clients on an application for an accident and sickness policy. Salem is working with a more senior agent who is heiping with...
we have to compute the letter grades for a course. The data is a collection of student records stored in a file. Each record consists of a name(up to 20 characters), ID (8 characters), the scores of...
Dinklemyer Corporation uses direct labor hours as its single cost driver. Actual overhead costs and actual direct labor hours for the first five months of the current year are as follows. a . Compute...
Assume that you will soon graduate from college and that you have job offers with two pharmaceutical firms. The first offer is with Alpha Research, a relatively new and aggressive company. The second...
On January 1, Howard Corporation determined that its direct materials inventory needs to contain 4,000 pounds of materials by March 31. To achieve this goal, Howard will have to use three pounds of...
The Milham Theatre Club has been in existence for a number of years. Members pay an annual subscription of 15 which entitles them to join trips to professional productions at a reduced rate. On 1...
The accounting records of the Happy Tickers Sports and Social Club are in a mess. You manage to find the following information to help you prepare the accounts for the year to 31 December 2015. (1)...
A business both buys loose tools and also makes some itself. The following data is available concerning the years ended 31 December 2014, 2015 and 2016. You are to draw up the Loose Tools Account for...

on may 1,2009 abc received $1500 from abc for 18 months of advertising services. the cash receipt

Question:

Expert Answer:

The adjusting entry as of December 31 2009 for the unearne... View the full answer

Financial And Managerial Accounting The Basis For Business Decisions

Students also viewed these accounting questions