Question: can i have a explanation on this problem (step by step) The following transactions are July activities of Emma's Tik Tok Service, which creates videos.
The following transactions are July activities of Emma's Tik Tok Service, which creates videos. Emma's collected $2,064 from credit customers for services related to videos created in June. Emma's billed a customer for $565 for a video made on the last day of July. The bill is to be paid in August On July 1, a customer gave Emma's advance payments totaling $2,400 for the five months of work to be done equally staring in July Emma's received $884 from video created for customers in July, What is the revenue Emma will recognize in July? QUESTION 4 Ellish Company had the following account balances. Accounts Payable $ 589 Accounts Receivable $ 1,870 Cash $4,974 Common Stock $ 1,143 Deferred Revenue $ 1,079 Ellish was missing the account balance for retained earnings. What is Eilish's balance in retained earnings
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