What account would we credit

Assignment Help Accounting Basics
Reference no: EM132031881

Question - On December 31, we determined that $6,850 in revenue had been earned. We have not received any cash to date for this job and have not billed the client. What account would we credit when we record this adjusting entry in the general journal?

Reference no: EM132031881

Questions Cloud

Share ideas on how to get through it in healthiest manner : Share both the bright and dark sides of this time period and share ideas on how to get through it in the healthiest manner.
What amount debit when record the adjusting entry : On January 31, our supplies on hand totaled $2,000. What account and amount would we debit when we record the adjusting entry for office supplies on January 31
What account and amount would we debit : On December 31, we determined that $2,000 of the $5,000 had been earned during the current year. What account and amount would we debit
Explain the weaknesses related to professional skills : Being self-aware and self-reflective are qualities that can help a person in any profession, but they are especially helpful in psychology.
What account would we credit : On December 31, we determined that $6,850 in revenue had been earned. What account would we credit when we record this adjusting entry in the general journal
Identify main effects and interactions for factorial design : For this assignment, again, it is beneficial that you keep the topic you would like to research for the capstone proposal in mind.
What is the amount of income tax expense : Southeast Airlines had pretax earnings of $85 million, What is the amount of income tax expense that Southeast should report in its income statement
Domestic (australian) human rights or social justice issue : The oral presentation needs to be on a domestic (Australian) human rights or social justice issue
Discuss what you learned about your own moral reasoning : How do your answers compare with the answers of others who also participated in this experiment?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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