Lindstrom Design Services billed its customers a total of $245,100 for the month of August, including 9
Question:
1. Determine the proper amount of service revenue to report for the month.
2. Prepare a journal entry to record the revenue and related liabilities for the month.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
1 Service revenue for the month 245100 114 21500...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
Students also viewed these Accounting questions
-
Web Design Services billed its customers a total of $490,200 for the month of August, including 9 percent federal excise tax and 5 percent sales tax. 1. Determine the proper amount of service revenue...
-
prepare a classified balance sheet for the month ending August On the 1st of August, Brothers haircut had these transactions during this month. On August 2, Paid $2200 cash for August salon rent. On...
-
Meg Bishop, vice president of supply chain at the Lilly Snack Company (see Problem 5-19) has been able to secure shipping from the proposed plant in Brevard to its plants in Wise and Cleveland for $6...
-
The data shown here were collected on lost-time accidents (the figures given are mean work-hours lost per month over a period of 1 year) before and after an industrial safety program was put into...
-
In Problems 4164, graph each function using the techniques of shifting, compressing, stretching, and/or reflecting. Start with the graph of the basic function (for example, y = x 2 ) and show all the...
-
Consider a GB2 probability density function given in equation (17.3). a. Reparameterize the distribution by defining the new parameter \(\theta=e^{\mu}\). Show that the density can be expressed as...
-
Are New Belgiums social initiatives indicative of strategic philanthropy? Why or why not? Although most of the companies frequently cited as examples of ethical and socially responsible firms are...
-
Cesar Ruiz was reviewing his company's activities at the end of the year (2022) and decided to prepare a retained earnings statement. At the beginning of the year, his assets were $530,000,...
-
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
-
On the last day of October, Lake Company borrows $60,000 on a bank note for 60 days at 12 percent interest. Interest is not included in the face amount. Prepare the following journal entries: (1)...
-
At the end of October, the payroll register for Noir Tool Corporation contained the following totals: wages, $371,000; federal income taxes withheld, $94,884; state income taxes withheld, $15,636;...
-
Air enters an evaporative cooler at 1 atm, 40oC, and 20 percent relative humidity at a rate of 7m3/min, and it leaves with a relative humidity of 90 percent. Determine (a) The exit temperature of the...
-
THE bosses of foreign firms with operations in China grumble that their lives have got harder of late. China used to be a frontier market offering endless double-digit growth. Officials put out the...
-
Answer all these 6 questions 1.The ETA of the materials is changed for the second time, but the client due date cannot be extended because the airing date has already been announced publicly....
-
How many times did you run through this simulation? What did you learn each time? What were some of the biggest challenges? What's different about the project context in this scenario from the last...
-
1. Identify three examples of pathos in this speech. 2. Identify three examples of logos in this speech. 3. How did Thunberg create ethos in her speech? 4. What logical fallacies did you find in this...
-
Excellence in Customer Service is a cornerstone of success in business interm of financial sector in terms of customer service . By researching existing company (Amex) with a reputation for...
-
Evaluate by using first substitution and then partial fractions if necessary. S ex dx e2x - 1
-
What are the six activities involved in the physical supply/distribution system?
-
What is meant by a "haircut" in a collateralization agreement. A company offers to post its own equity as collateral. How would you respond?
-
Pappas Computers constructed a new training center in 20x7. You have been hired to manage the training center. A review of the accounting records shows the following expenditures debited to an asset...
-
Morningside Machine Works has obtained a subcontract from the government to manufacture special parts for a new military aircraft. The parts are to be delivered over the next five years, and the...
-
The DeMeo Corporation had both common stock and preferred stock outstanding from 20x7 through 20x9. Information about each stock for the three years is as follows: The company paid $140,000,...
-
Apple has purchased land for $500,000 for their new factory. They make a down payment of $100,000, and the remainder is financed at (AAA+10) percent compounded semi-annually with semi-annual payments...
-
Task: Sarah is a 32 year old accounting executive who recently married her partner of 6 years, Austin. Sarah and Austin have decided they would like to try for a baby. Sarah has concerns around her...
-
Suppose CORP generates $100M in revenue by selling products currently in the firm's inventory. The sales are paid in cash and have a COGS of $80M. What is the effect of these sales on CORP's NOPAT...
Study smarter with the SolutionInn App