Armor Security Services Inc. provides both commercial and residential security services on account. Two transactions are identified
Question:
Armor Security Services Inc. provides both commercial and residential security services on account. Two transactions are identified below.Dec. 1. Issued Invoice No. 862 to Matrix Inc. for security services provided on account, $425.3. Issued Invoice No. 863 to James Lawhorn, a residential customer, for services provided on account, $85.Record these transactions in a revenue journal using the followingformat:
Transcribed Image Text:
REVENUE JOURNAL Fees Earned- Residential Cr. Fees Eamed- Accts. Post. Commercial Rec. Dr. Invoice Account Debited Date No. Cr. Ref.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (18 reviews)
Dat Invoice Account No debited e Dec ...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Accounting questions
-
Guardian Security Services Inc. provides both commercial and residential security services on account. Two transactions are identified below. Mar. 1. Issued Invoice No. 919 to Matrix Inc. for...
-
Garden Wizards provides gardening services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared annually at...
-
Garden Wizards provides gardening services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared annually at...
-
Attlee Ltd holds 28% of the issued shares of Nehru Ltd. Attlee Ltd acquired these shares on 1 July 2019 and on this date all the identifiable assets and liabilities of Nehru Ltd were recorded at...
-
A custom-made product is produced by processing materially sequentially through four departments. To process material, department #1 requires .5 hours per unit, department #2 requires .6 hours per...
-
A regression equation to be used to predict a dependent variable with four independent variables is developed from a sample of size 10. The resulting equation is Two other equations are developed...
-
Leader trait and behavioral approaches assume that traits and behaviors are ____________. (a) as equally important as other variables (b) more important than other variables (c) caused by other...
-
1. Does Cold Stone Creamery represent a high performance approach to planning? Why or why not? 2. Cold Stones Pyramid of Success 2010 represents an example of a single use plan. What might be a...
-
Need Answered now Please The following information is given to you relating to the operations of PrincehallCorporation: The income tax rate is 40%. Net sales $11,862 Cost of sales 8,321 Gross margin...
-
The database below summarizes financial information for 32 companies and their perceived risk of default. Convert these data into an Excel table. Use table-based calculations to find the average debt...
-
The state of Ohio has a 5.5% sales tax. Buckeye Services Inc., an Ohio company, had two revenue transactions as follows:Aug. 7. Issued Invoice No. 121 to Manly Inc. for services provided on account,...
-
Using the following revenue journal for Alpha Services Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to...
-
Each combination of capacitors between points a and b in Fig is first connected across a 120-V battery, charging the combination to 120 V. These combinations are then connected to make the circuits...
-
Retuin to the Max Industries bond in exercise 57-11. Assume that Max Industries issued the bond on July 1, 2020, at a price of 90 . Also assume that Max Industries's accounting year ends on December...
-
Gordon's Steel Parts produces parts for the automobile industry. The company has monthly fixed costs of \(\$ 640,000\) and a contribution margin of \(80 \%\) of revenues. Requirements 1. Compute...
-
Determine the following: a. The stockholders equity of a company that has assets of \(\$ 480,000\) and liabilities of \(\$ 360,000\). b. The retained earnings of a company that has assets of \(\$...
-
What is meant by replanning? b d b a d a C
-
What kinds of problems that humans find difficult do you think computers are particularly well suited to solve? Are there any such problems that you know of that computers cannot currently solve but...
-
Arsenic blood concentration is normally distributed with mean \(\mu=3.2 \mu \mathrm{g} / \mathrm{dl}\) and standard deviation \(\sigma=1.5 \mu \mathrm{g} / \mathrm{d}\). What range of arsenic blood...
-
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
-
Use the cereals data set for Exercises 712. Report the standard error of each imputation. Impute the potassium content of Almond Delight using multiple regression.
-
Using the data shown in Exercise 5-38, journalize the entries for the transactions assuming that Burton Company uses the perpetual inventory system.
-
Pyramid Company is a small rug retailer owned and operated by Rosemary Endecott. After the accounts have been adjusted on January 31, the following selected account balances were taken from the...
-
Buds Video Store Co. is owned an operated by Jim Budeski. The following is an except from a conversation between Jim Budeski and Ann Pavik, the chief accountant for Buds Video Store Jim; Ann, Ive got...
-
@ education.wiley.com [ g [ Question 3 of 3 - Homework: Chapter 2 & Homework: Chapter 2 Question 3 of 3
-
Current Attempt in Progress Wildhorse Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres KilometresDriven Total Cost Driven Total...
-
On 30 April 2020, a company classified a freehold building as held for sale. The building had a carrying amount on that date of 5m. The building has been valued by an estate agent at 6m and selling...
Study smarter with the SolutionInn App