The following transactions are February 2014 activities of Swing Hard Incorporated, which offers indoor golfing lessons in
Question:
Transcribed Image Text:
Amount or Explanation Activity a. Swing Hard collected $15,000 from customers for lesson services given in February. b. Swing Hard sold a gift card for golf lessons for $150 cash in February. c. Swing Hard received $4,000 from services provided on account to customers in January. d. Swing Hard collected $2,250 in advance payments for services to start in June. e. Swing Hard bills a customer $125 for services provided between February 25 and February 28. The bill is to be paid in March.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Amount of Revenue Earned in February a 15000 b No revenue earned in Febr...View the full answer
Answered By
BETHUEL RUTTO
Hi! I am a Journalism and Mass Communication graduate; I have written many academic essays, including argumentative essays, research papers, and literary analysis. I have also proofread and written reviews, summaries and analyses on already finished works. I am eager to continue writing!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
Question Posted:
Students also viewed these Accounting questions
-
The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in Western Canada. If revenue is to be recognized in February, indicate the amount....
-
The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in Western Canada. If an expense is to be recognized in February, indicate the...
-
The following transactions are July 2014 activities of Craigs Bowling, Inc., which operates several bowling centers (for games and equipment sales). If revenue is to be recognized in July, indicate...
-
10 1 Journalize the following transactions for Bigelow Company for the month of October. 31 Oct Stockholders invest cash in the company in exchange for common stock. 5 Oct The company buys a delivery...
-
Two thin symmetric glass lenses, one biconvex and the other biconcave, are brought into contact to make a system with optical power Ф = 0.50 D. Newton's rings are observed in reflected light...
-
Refer to the data in Exercise 16-2 for Weller Corporation. Data From Exercise 16-2: Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31...
-
Should medical advice be dispensed on the telephone? Explain your opinion.
-
The weight of turkeys is normally distributed with a mean of 22 pounds and a standard deviation of 5 pounds. a. Find the probability that a randomly selected turkey weighs between 20 and 26 pounds....
-
TranscribedText: Problem 2. [25pts] For each of the following vector fields F find the curl. 1. (5pts) F : R3 -> R3 such that F I2 = I3 2TIT213 V X F(x) = 2. (5pts) F : R3 -> R3 such that F I2 = T2 +...
-
A month has elapsed since Precision Computer Centres year-end. Tony Freedman will use four specialized journals for recording business transactions in the month of Septembertwo in this chapter, and...
-
Given the transactions in M3-6 [including transaction (a)], prepare an income statement for Bill's Extreme Bowling, Inc., for the month ended July 31, 2014. (This income statement would be considered...
-
The following transactions are February 2014 activities of Swing Hard Incorporated, which offers indoor golfing lessons in the western Canada. If an expense is to be recognized in February, indicate...
-
Form hypotheses by linking an event or behavior from the first column with an outcome from the second column, and then identify a possible explanation from the third column. Use each event, outcome,...
-
What is something new you discovered about criminal law that you did not know before taking this course? How will it help you in your future plans? Has your view of criminal law change? Why or why...
-
discuss the concept of immunosurveillance and tumor immunosurveillance, including the roles of innate and adaptive immune cells in recognizing and eliminating cancer cells through mechanisms such as...
-
In criminal law, when is ones 'condition' deemed to be incapacitating and how does this influence potential liability?
-
What are the cellular and molecular mechanisms underlying immune tolerance, including central tolerance mechanisms in the thymus and bone marrow that eliminate self-reactive lymphocytes, and...
-
Give five examples by which creative accounting can be undertaken by companies to overstate Assets or Revenues.
-
A state Department of Transportation claims that the mean wait time for various services at its different locations is at most 6 minutes. A random sample of 34 services at different locations has a...
-
If your school has a subscription to the FASB Codification, go to aaahq.org/ ascLogin.cfm to log in and prepare responses to the following. (a) What is the stock dividend? (b) What is a stock split?...
-
Avery?s Rentals, Inc. and Rent-A-Matic, Inc. are two publicly traded rental companies. They reported the following in their 2017 financial statements (in millions of dollars, except per-share amounts...
-
Two magazine companies reported the following in their 2017 financial statements (in thousands of dollars, except earnings per share amounts and share prices): Required: 1. Compute the 2017 ROE for...
-
Two music companies reported the following in their 2017 financial statements (in thousands of dollars, except earnings per share amounts and share prices): Required: 1. Compute the 2017 ROE for each...
-
How can a company successfully differentiate their product or service in a highly saturated market, and what are the most effective marketing strategies to communicate this unique value proposition...
-
The following Python program swaps two variables which is entered by user # To take input from the user x = input ('Enter value of x: ') y = input ('Enter value of y: ') # create a temporary variable...
-
1. Raman purchases a motor car from Bharathan whose cash price is Rs. 56,000 on 11.93. Rs. 15,000 is paid on signing the contract and the balance is to be paid in three equal annual instalments of...
Study smarter with the SolutionInn App