Ceramic Products, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order). 000.88...

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Ceramic Products, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order). 000.88 Accounts Payable Accounts Receivable Buildings Capital Stock Cash Equipment Land Notes Payable Retained Earnings eldsys einuosDA $ 28,000 $ 20,000 $ 153,000 $ 185,000 oldsvisos $ 13,000 $ 20,000 $ 80,000 $ 24,000 $ 49,000 i to ono as a betello On January 5, Ceramic Products collected $ 12,000 of its accounts receivable and paid $11,000 on its note payable. adi Tros te dress is beisgeng sor In a trial balance prepared by Ceramic Products on January 1, 2018, the total of the credit column is: a. $ 182,000 b. $ 196,000 c. $ 166,000 d. $ 286,000 D Question 39 Food To Go is a local catering service. Conceptually, when should Food To Go recognize revenue from its catering service? At the date the customer places the order At the date the meals are served At the date the invoice is mailed to the customer At the date the customer's payment is received Question 40 Aster Company sells merchandise to customers. Aster should normally recognize O Revenue and the related expenses in the same accounting period as earned whether payment is received or not Revenue and expenses after all payments are collected Expenses in the period the merchandise is sold and defer revenue until the customer pays for the merchandise 0 0 2 pts 2 pts Revenue when the cash is collected and the expenses when Aster pays its creditor for the merchandise Ceramic Products, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order). 000.88 Accounts Payable Accounts Receivable Buildings Capital Stock Cash Equipment Land Notes Payable Retained Earnings eldsys einuosDA $ 28,000 $ 20,000 $ 153,000 $ 185,000 oldsvisos $ 13,000 $ 20,000 $ 80,000 $ 24,000 $ 49,000 i to ono as a betello On January 5, Ceramic Products collected $ 12,000 of its accounts receivable and paid $11,000 on its note payable. adi Tros te dress is beisgeng sor In a trial balance prepared by Ceramic Products on January 1, 2018, the total of the credit column is: a. $ 182,000 b. $ 196,000 c. $ 166,000 d. $ 286,000 D Question 39 Food To Go is a local catering service. Conceptually, when should Food To Go recognize revenue from its catering service? At the date the customer places the order At the date the meals are served At the date the invoice is mailed to the customer At the date the customer's payment is received Question 40 Aster Company sells merchandise to customers. Aster should normally recognize O Revenue and the related expenses in the same accounting period as earned whether payment is received or not Revenue and expenses after all payments are collected Expenses in the period the merchandise is sold and defer revenue until the customer pays for the merchandise 0 0 2 pts 2 pts Revenue when the cash is collected and the expenses when Aster pays its creditor for the merchandise

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