User Account

All Pages

Calculate revenue for the month of September

Assignment Help Financial Accounting
Reference no: EM132933001

Question - VaughnCare Corporation had the following selected transactions in September:

1. Collected $215 cash from customers for services performed in August.

2. Collected $490 cash from customers for services performed in September.

3. Billed customers $580 for services performed in September.

4. Performed $100 of services to customers who paid in advance in August.

5. Received $100 from customers in advance for services to be performed in October.

Required - Calculate revenue for the month of September using the accrual basis of accounting.

1. Collected $215 cash from customers for services performed in August.

2. Collected $490 cash from customers for services performed in September.

3. Billed customers $580 for services performed in September.

4. Performed $100 of services to customers who paid in advance in August.

5. Received $100 from customers in advance for services to be performed in October.

Reference no: EM132933001

Questions Cloud

Determine the cost of flash drives : On that date, the company purchased 42,000 USB flash drives to be sold with personal computers, Determine the cost of flash drives
What are the advantages of integrating accrual method : What are the advantages of integrating accrual method? Do companies still benefit from it since A/R is recorded in the asset and helps get more business loans
What is diamond rule for recording debit and credit entries : What is diamond rule for recording debit and credit entries in general journal?. Make that shape and explain it. Also, make general journal format
What are the proper accounting treatment : As described above, on January 1, 20X0 (the grant date), $30 million of sales were probable for year 5. What are the proper accounting treatment
Calculate revenue for the month of September : Performed $100 of services to customers who paid in advance in August. Calculate revenue for the month of September
Comment on what knowledge you have gained : Comment on what knowledge you have gained about managerial accounting and how will it be useful to you in your future
How much is the current liability from given transactions : An advance payment for the rental of a single space was made in December for P5,000. How much is the current liability from given transactions
Does a loan where interest is compounded monthly : Does a loan where interest is compounded monthly but you do not have to make the first loan payment for six months save you money? Explain
Explain the term financial commitments : Explain the term 'financial commitments' and reason to incorporate these into budgets and budget reports.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd