User Account

All Pages

What adjusted balance in unearned revenue as of october

Assignment Help Financial Accounting
Reference no: EM132831155

Problem 1: A sports league sold season tickets for the 2020 basketball season for ?160,000. A total of eight games will be played during September, October and November. In September, two games were played. In October, three games were played. The adjusted balance in Unearned Revenue as of October 31, 2020 is

a. ?0
b. ?60,000
c. ?40,000
d. ?100,000

Reference no: EM132831155

Questions Cloud

How much was total distribution costs for the year : How much was total distribution costs for the year? Accumulated Depreciation - Delivery Equipment, ?60,000. Salesmen Salaries and Commissions, ?183,900
What the journal entry to record in classic books : If the customer pays the account in full on March 11, the journal entry to record this in Classic's books under the gross method includes a debit to Cash for
What account balance would be shown for the company : Posting the company's adjustment for expired rent but before any closing entries, a ?120,000 account balance would be shown for the company's
Calculate the non-current portion of each note payable : Pronghorn Corp. is required to pay $25,000 plus interest on March 31 each year starling in 2017. Calculate the non-current portion of each note payable
What adjusted balance in unearned revenue as of october : In September, two games were played. In October, three games were played. The adjusted balance in Unearned Revenue as of October 31, 2020 is
What the sales discount to be recorded on march amounted to : Vanessa paid her account in full on March 11, 2020. In Stair's books, the Sales Discount to be recorded on March 11, 2020 amounted to
Importance of understanding interrelationships : Note the importance of understanding the interrelationships amongst all the senior leaders at every location.
What is total purchases returns and allowances for january : If the net delivered cost of purchases at the end of January is ?33,080, what is the total purchases returns and allowances for January?
Find what adjusting entry at year-end involves a : Find what adjusting entry at year-end involves a? The Supplies account has a balance of ?3,136. A year-end inventory shows ?1,734 worth of supplies left

Reviews

Write a Review

Financial Accounting Questions & Answers

  Journalize the transactions

Journalize the following transactions-Conversion by the bondholders on July 1 2016, of bonds with face value of $1,600,000 into 120,000 shares of Herndon Corp.'s shares of $1-par stock.

  Make single general journal to close all revenue and gain

Make single general journal to close all revenue, gain, and expense accounts to the retained earnings account. Post the journal entry to the ledger accounts

  1-please review the aicpa code of professional conduct

1-please review the aicpa code of professional conduct. choose one of the sections and summarize it in a posting of at

  Determine appropriate activity for each transaction listed

Use the Assessment 3, Part 2 Template to determine the appropriate activity (operating, investing, or financing) for each transaction listed for Skylar Enterprises, Inc.

  Discounted value of expected net receipts

What is the meaning of "discounted value of expected net receipts" and what basis of valuation for Ferry's patents would be generally accepted in accounting?

  Find what is the amount if pay for the washing machine

Discount the price at an annual rate of 8 percent (compounded annually) if you pay today. What is the amount if you pay for the washing machine today?

  Prepare the income statement for the year ended december 31

Prepare the Income Statement for the year ended December 31, 2014.- Prepare the etained Earnings Statement for the year ended December 31, 2014.

  What is allin cost of jis yen-for-pound currency coupon swap

Japan, Inc. (JI) has ¥2.4 billion of 3-year yen debt at a floating rate of 6-month (¥) LIBOR + 105 bps (MMY), or 52.5 bps each six months. What is the all-in cost of JI's yen-for-pound currency coupon swap?

  Which adjusting entries affect at least one

Which Adjusting entries affect at least one? income statement account and one balance sheet account. / asset and one stockholders' equity account

  Compute the earnings per share of common stock

Compute the earnings per share of common stock. The dividend to preferred stockholders was declared. There has been no change in the number of shares of common

  Drumbeats of scottsdale manufacture drum sets

DrumBeats of Scottsdale manufacture drum sets. Prepare DrumBeats 20x5 Manufacturing Statement. Prepare DrumBeats 20x5 Common-Sized Income Statement that reports separate categories for Selling Expenses and General and Administrative Expenses.

  Compute the revised manufacturing overhead cost

Compute the cost-driver rate for each overhead activity and compute the revised manufacturing overhead cost per unit for each type of entry door.

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