Calculate the revenue for the year on a cash basis

Assignment Help Financial Accounting

Reference no: EM13864556

Using the accural basis revenue on the income statement was $124,320. Accounts receivable were $3,320 on January 1 and $3,600 on December 31. Unearned revenue was $1,040 on January 1 and $1,690 on December 31.

Calculate the revenue for the year on a cash basis.

Reference no: EM13864556

Questions Cloud

Find the stress : 1. Find the stress in both members shown below.

What is the city''s debt ceiling? what is the city''s credit : What is the city's debt ceiling? What is the city's credit rating? Would you consider purchasing municipal bonds from your city? Why or why not?

Discuss the law of retribution in inferno : Two pages essay assignment, double spaces- Topic: Discuss the Law of Retribution in Inferno (that is, the relationship between the sin and its consequences in the after-life)

Magnitude and point of application of a single : Problem 1: A metal plate is used to hold three 250kg blocks as shown. a) Determine the magnitude and point of application of a single force that is equivalent to the system of 3 blocks shown. b) the plate is supported by 3 vertical reaction forces..

Calculate the revenue for the year on a cash basis : Using the accural basis revenue on the income statement was $124,320. Accounts receivable were $3,320 on January 1 and $3,600 on December 31. Unearned revenue was $1,040 on January 1 and $1,690 on December 31. Calculate the revenue for the year on a ..

Should the second bid for canchem be allowed to stand : What recommendations should be made with respect to the hexonic acid contract? Include a qualitative and quantitative analysis to justify your response.

What regulatory compliance requirements apply to business : If auditing of financial statements is required primarily for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements? What regulatory compliance requirements ap..

Who are likely to be users or buyers of the product : Who are likely to be users or buyers of the product/service in the market - Write one page single space. Our product is insect powder. We are growing insects in Senegal and transport the powder to France.

Phenomena of co2 emissions : You will need to write a 1-page lab report using the scientific method centered on the known phenomena of CO2 emissions, related to the following question: Would you expect to see an increase or decrease in CO2 emission in the data over the past 40 y..

User Account

All Pages