This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On November 1, 2011, Delectable Edibles, Inc received 12,000 in advance for services to be performed ... (Read 137 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jul 5, 2018
On November 1, 2011, Delectable Edibles, Inc received 12,000 in advance for services to be performed evenly over the next 12 months.
 
  Record (a) the cash received on November 1, 2011 and (b) the adjusting entry at December 31, 2011 in the T-accounts below:
 
  What will be an ideal response?

Question 2

A form of balance sheet that lists the liabilities and the owner's equity sections below the assets section is called the
 a. account form.
   b. journal form.
   c. report form.
   d. current form.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 5, 2018
Answer to Question 1

Cash
(a) 12,000

Unearned Revenue

(b) 2,000 12,000(a)

Revenue

2,000(b)

Answer to Question 2

c


tth

  • Member
  • Posts: 579
Reply 2 on: Jul 5, 2018
Gracias!

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

The joint commission 2011 The joint commission 2011
The Advance of Prohibition (1 of 2) The Advance of Prohibition (1 of 2)
American soldiers advance past a burning oil well. As the routed Iraqi army fled Kuwait, it ignited ... American soldiers advance past a burning oil well. As the routed Iraqi army fled Kuwait, it ignited ...
CPT Modifiers Used for Medical Office Services Cont. CPT Modifiers Used for Medical Office Services Cont.
Participating in religious services is related to better coping skills, less severe stress ... Participating in religious services is related to better coping skills, less severe stress ...
Two reciprocal Drosophila crosses performed by Morgan Two reciprocal Drosophila crosses performed by Morgan
Video: Atrophy

For a complete list of videos, visit our video library