Question: On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12.000

On November 1st, Secure Home Security Systems has a beginning balance

On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12.000 from a client to provide security monitoring services to the client over the next 6 months. What is the balance in the deferred revenue account on December 31st after the required adjusting entry? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

describe 3 ways to identify circulation problems in the legs circumstances

Q:

On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring...

Q:

On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring...

Q:

On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring...

Q:

On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring...

Q:

On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring...

Q:

Question 18 4.75 pts On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to...

Q:

Question 26 4.75 pts The Highest Cost Contractors, Inc, took out an installment loan on 11/1 in the amount of $12.000 for 62 months with an annual interest rate of 4%. On 11/30, when Highest Cost...

Q:

PLEASE ANSWER EACH 1) 2) 3) 4) PLEASE ANSWER EACH Along-term notes payable is signed on 1/1/20xx in exchange for $197,000 in cash. Principal in the amount of $15,000 is due annually on 12/31 with...

Q:

please answer as soon as possible I thumbs up instantly thank you McDonalds has a long-term notes payable with a principal balance of $148,000,000 as of December 31, 2020. Of the total principal...

Q:

At Walmart, a $0.51 per share cash dividend was declared by the board of directors for it common stock. On 12/31, the date of declaration, there were 78,000 shares authorized, 68,000 shares issued,...

Q:

Find Io in the circuit in figure using meshanalysis. 3 +)3v 3 kn 2 mA 6 kn

Q:

Why, in a rich nation, is it important that we fully use our resources and technology to maximize our nations out- put? Is it only the level of total output that is important, or are the types of...

Q:

1 3 l n ( x ) x 3 d x

Q:

Bethany incurred $60,000 in research and experimental costs for developing a specialized product during July 2022. Bethany went through a lot of trouble and spent $30,000 in legal fees to receive a...

Q:

What is the CPU time if the number of instructions executed by the program is 500, cycles per instruction is 5 and the clock cycle time is 200 ps? a) 1,000 sec b) 50,000 sec c) 5,00,000 sec d) 10,000...

Q:

Consider a 4-way set associative cache made up of 64-bit words. The number of words per line is 8 and the number of sets 4096 sets. What is the cache size? a) 1 MB b) 10 MB ) 4 B d) 512 KB

Q:

What is the output of the following C program? #include int main () { int a = 5; %3D > printf ("%d", a); return 0; 1; } ) 20 b) 625 ) 5 d) None of the above

Q:

._________ This is the type of deed that is often used by lenders who have foreclosed on property to limit their liability for title problems to the dates when they held title to the property. a....

Q:

2. Now change the performance so that you play out the dream in your inner the-atre. Apply colours to the images you envision. Give some pictures a stronger colour than others and vice versa. Also...

Q:

1. Imagine that you have already achieved a dream or a goal you have set for yourself. Both the goal and the dream correspond to your basic values. Try to visualize this dream or goal. What do you...

Q:

4. What means will you use to achieve these values?