At the end of the current year, $8,140 of fees has been earned but has not been
Question:
Journalize the adjusting entry to record the accrued fees.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Accounts Re...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Question Posted:
Students also viewed these Accounting questions
-
At the end of the current year, $8,140 of fees have been earned but have not been billed to clients. (a) Journalize the adjusting entry to record the accrued fees. (b) If the cash basis rather than...
-
The shareholders equity section of McLean Inc. at the beginning of the current year is as follows: Common shares, 1,000,000 shares authorized, 300,000 shares issued and outstanding ...............
-
The financial information shown in the following table was presented for Massive Enterprises Ltd. for the year ending May 31, 20X1. Statement of Income Sales $1,700,000 Cost of sales 830,000 Gross...
-
Let U = {1, 2, 3, 4,p, 10} A = {1, 3, 5, 7} B = {3, 7, 9, 10} C = {1, 7, 10} Determine the following. A - B
-
Suppose the company in Problem 1 has a market-to-book ratio of 1.0. a. Calculate return on equity, ROE, under each of the three economic scenarios before any debt is issued. Also, calculate the...
-
The triene shown here reacts with 2 equivalents of maleic an hydride to yield a product with the formula C17H16O6. Predict a structure for theproduct. CH2 C17H1606 C=CH2 2. U
-
The pressure rise, \(\Delta p=p_{2}-p_{1}\), across the abrupt expansion of Fig. P7.38 through which a liquid is flowing can be expressed as \[ \Delta p=f\left(A_{1}, A_{2}, ho, V_{1} ight) \] where...
-
Mackenzie Corp. is preparing the December 31, 2014, year-end financial statements. Following are selected unadjusted account balances: Estimated warranty liability ....... $ 6,460 Income tax...
-
Norma Electronics sell its products for cash and on credit. It usually provides 6 % of its credit sales as allowance for bad and doubtful debts. In the month of April 2 0 x 1 , Norma Electronics...
-
1) Identify the key factors that Brisbane Badminton Club should consider when evaluating and budgeting for this proposed membership price. (2) How will the clubs new membership plan and pricing...
-
At the end of January, the first month of the business year, the accountant omitted the usual adjusting entry transferring rent earned to a revenue account from the unearned rent account. Because of...
-
Zing Computing has a contract with a local business that began on July 1 of the current year. Zing Computing was contracted for a period of six months to assist the company in changing over to a new...
-
Growth Rates based on the result in Problem 31, show that the internal and sustainable growth rates are as given in the chapter. S = Previous years sales A = Total assets D = Total debt E = Total...
-
Draw and label the following on a short put over the SPI200 with an exercise price of 7850, which has a premium of 26.5 points a. Strike price b. premium c. breakeven d. at the money e. in the money...
-
Assume that the daily Profit-and-Loss (PnL) are independent and identically distributed, and they can exceed the risk limit Q max with probability p = 5%. (i) What is the probability that the limit...
-
a) Graph the function: f(x) = x + 2x + 8x + 5x b) Does the function in (a) have a minimum for -2 < x < 1? Use an analytical method to support your answer. c) Find the location of the minimum of the...
-
Hiram s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern...
-
Draw the logic gate symbol for a 4-input AND gate. Write the Boolean function and truth table. [20] Deduce the Right-hand side of three variable DeMorgan's theorem shown below using Boolean axioms...
-
Find the unknown side length. Write your answer in simplest radical form. 8 12
-
l ask this second time correnct answer is 38,01 can we look pls Consider a non-conducting rod of length 8.8 m having a uniform charge density 4.5 nC/m. Find the electric potential at P, a...
-
Use the graph above to answer the following question. If the price is set to $3, what is the producer surplus in the market? Note: enter answer with only numerical values and round up to the nearest...
-
How could your cultural models influence your ability to learn your students' funds of knowledge and utilize those funds? How could you or will you address this?
-
Bella deposits $300 per month into an account paying 6% nominal interest compounded monthly for 3 years, to be used to purchase a car. Which equation should she use to compute the price of the most...
Study smarter with the SolutionInn App