Longfellow Company performed services in July for a specific customer, for a fee of $8,380. Payment was
Question:
(a) Was the revenue earned in July or August?
(b) What accounts should be debited and credited in
(1) July and
(2) August?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
a In this specific example the revenue is earned i...View the full answer
Answered By
Mustafa olang
Please accept my enthusiastic application to solutionInn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group. For example, I created songs to teach my three-year-old campers the camp rules, but I gave my college student daily quizzes to help her prepare for exams.
I am passionate about helping students improve in all academic subjects. I still remember my excitement when my calculus student received her first “A” on a quiz! I am confident that my passion and experience are the qualities you are looking for at solutionInn. Thank you so much for your time and consideration.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Cost Accounting questions
-
Tull Company performed services in June for a specific customer for a fee of $2,230. Payment was received the following July. (a) Was the revenue earned in June or July? (b) What accounts should be...
-
McElwee Company performed services in May for a specific customer, for a fee of $7,500. Payment was received the following June. (a) Was the revenue earned in May or June? (b) What accounts should be...
-
Cortes Company performed services in February for a specific customer, for a fee of $6,000. Payment was received the following March. (a) Was the revenue earned in February or March? (b) What...
-
Sam's Furniture uses variance analysis to evaluate manufacturing overhead in its' factory. The information for the June overhead expenditures is as follows: Budgeted output units 22,000...
-
Investment X offers to pay you $3,900 per year for nine years, whereas Investment Y offers to pay you $6,100 per year for five years. Which of these cash flow streams has the higher present value if...
-
Charter Southeast Airlines states that the flight between Fort Lauderdale, Florida, and Los Angeles takes 5 hours and 37 minutes. Assume that the actual flight times are uniformly distributed between...
-
What is the present value of a perpetuity of $10 per year if the first payment will be received one year from now and the appropriate interest rate is 8 percent per year? a. $0.80 b. $1.25 c. $12.50...
-
Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $398,930 due in 28 years. In other words, the company will need $398,930 in 28 years. Toni...
-
Use sigma notation to write the sum. i=1 4 4 4 4 + + + 5+1 5+2 5 + 3 5+15
-
1. I say "bravo" and "right on!" Now we have some real-life humane heroes to look up to! These brave people [a group of animal liberators] went up against the insensitive bureaucratic technology, and...
-
Carr Company adheres to a policy of depositing all cash receipts in a bank account and making all payments by check. The cash account as of March 31 has a credit balance of $1,250, and there is no...
-
What proof is provided by a trial balance?
-
A 60-W, incandescent bulb operates at 120 V. How many electrons and coulombs flow through the bulb in one day?
-
Explain Nolan's stage-growth hypothesis. What is the relevance of the stagegrowth hypothesis to the information systems auditor?
-
Change seems to be a fact of life, yet in Texas some things remain the same, such as peoples love for Texas-style barbecue. As you drive from Houston to Waco, for example, you will see many roadside...
-
Briefly explain two strategies that top management can use to exercise overall control over the information systems function.
-
Why is culture so difficult to measure or assess?
-
Identify three factors that might indicate that top management is not providing effective leadership of the information systems function.
-
Education professionals refer to science, technology, engineering and mathematics as the STEM disciplines. A recent ACT Condition and Career Readiness Report states that 47% of high school graduates...
-
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
-
Who are the busiest therapists? a. Wilder, Shields b. Risk, Nair c. McClain, Shields d. Wilder, Nair PatientNum LastName Koehler King Houghland Falls Odepaul Venable Waggoner Short Baptist Culling...
-
Dominos Pizza LL.C, operates pizza delivered and carry-out restaurants. The annual report describes its business as follows: We offer a focused menu of bigb-quality, value-priced pizza with three...
-
The management of Gourmet Appliance Company in Exercise 26-14 has asked you to use activity-based costing to allocate factory overhead costs to the two products. You have determined that $57,000 of...
-
Whirlpool Corporation conducted an activity-based costing study of its Evansville, Indiana, plant in Order to identity its most profitable products. Assume that we select three representative...
-
Data for January for Bondi Corporation and its two major business segments, North and South, appear below. Sales revenues, North Variable expenses, North $ 561,000 $ 325,500 Traceable fixed expenses,...
-
Lindon Company is the exclusive distributor for an automotive product that sells for $48.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $324,000 per year. The company plans...
-
St. Germaine Health Center provides a variety of medical services. The company is preparing its cash budget for the upcoming third quarter. The following transactions are expected to occur: (Click...
Study smarter with the SolutionInn App