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Author Question: March 6 Cash 2,500 Unearned Fees 2,500 ????????????. What is the best explanation for this journal ... (Read 48 times)

Pea0909berry

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on: Jul 5, 2018
March 6 Cash 2,500 Unearned Fees 2,500 ????????????. What is the best explanation for this journal entry?
 a. Received cash for services performed.
  b. Received cash for services to be performed in the future.
  c. Paid cash in advance for services to be performed.
  d. Performed services for which cash is owed.

Question 2

Uniformly assigning the costs of resources to cost objects when those resources are actually used in a nonuniform way is called ________.
 
  A) activity-based costing
  B) uniform costing
  C) peanut-butter costing
  D) department costing


fdliggud

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

Answer: C


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