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Author Question: Enoch, Inc. began operations on July 1, 2011. On August 1, it received 12,000 in advance for ... (Read 127 times)

washai

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on: Jul 5, 2018
Enoch, Inc. began operations on July 1, 2011. On August 1, it received 12,000 in advance for services to be performed evenly over the next 12 months. How much unearned revenue should the company report on its balance sheet at December 31, 2011?
 
  A) 12,000
  B) 1,000
  C) 7,000
  D) 5,000

Question 2

After estimating its payroll for the year, an employer usually pays workers' compensation insurance
 a. at the beginning of the year.
   b. monthly.
   c. quarterly.
   d. at the end of the year.


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hollysheppard095

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

C

Answer to Question 2

a


washai

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

jackie

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Reply 3 on: Yesterday
Wow, this really help

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