A company received cash from a customer in payment for future delivery services. The correct debit and
Question:
A company received cash from a customer in payment for future delivery services. The correct debit and credit are:
a. Debit Cash, credit Unearned Delivery Fees.
b. Debit Cash, credit Delivery Fee Revenue.
c. Debit Accounts Receivable, credit Delivery Fee Revenue.
d. None of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
Question Posted:
Students also viewed these Business questions
-
You want to invest $17,445 in a mutual fund with a NAV of $26.03. The fund charges an initial commission of 4.50%. How many shares of the fund will you receive?
-
A new work that is transformative of an older copyrighted work Group of answer choices Is automatically a fair use May be a fair use, but must be considered along with other fair use factors Is never...
-
A monopolist must be concerned about whether consumers will: A monopolist must be concerned about whether consumers will: Realize the legal implications of purchasing products from a monopoly....
-
Parker Associates purchased a patent in 2018 for $200,000. The patent will be amortized over 20 years. How would Parker adjust for the annual amortization for the patent on the balance sheet? Credit...
-
This appendix demonstrates why the ISLM model accurately represents movements in the real interest rate and the output gap during the Great Depression. a. Use the ISLM model to show the approximate...
-
Prepare an income statement using standard costing. LO.1
-
Using the original PewHealth variables quallife and health, plan an index where 0 is lack of good health and quality of life and the highest number is the opposite: excellent health and excellent...
-
Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows: 1. Under SUTA for Arizona on taxable payroll of $28,000, the contribution rate is 3.9%....
-
[The following information applies to the questions displayed below.] The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same...
-
A company performed delivery services for a customer for cash. The correct debit and credit are: a. Debit Cash, credit Unearned Delivery Fees. b. Debit Cash, credit Delivery Fee Revenue. c. Debit...
-
Assume that cash is paid for insurance to cover a threeyear period. The recommended debit and credit are: a. Debit Insurance Expense, credit Cash. b. Debit Prepaid Insurance, credit Cash. c. Debit...
-
You are willing to pay $15,625 now to purchase a perpetuity that will pay you and your heirs $1,250 each year, forever, starting at the end of this year. If your required rate of return does not...
-
Write down at leastfive items (durable goods, not food) that you purchase and their sourcing (where each is from). For example, a shirt may be assembled in China, designed in the US, and made from...
-
I agree that overtime can be tricky in different countries. As we've seen with piecework, it is hard to implement it in countries where people are not motivated to work past their regular hours, even...
-
time (in seconds). Find a formula for 1, if V = 5t(t Suppose that an object's acceleration function is given by a = 4t+ 6. The object's initial velocity is 4, and the initi position is 9. Find the...
-
Determine the specific major and foundational managerial discoveries and findings from each era as most pivotal for management evolution (Early Management Era, Social Management Era, Scientific...
-
Identify the three major pricing strategies and discuss the important key factors that impact setting prices. Explain what time of pricing strategy your assigned brand uses and why you believe this...
-
What are the most important factors to consider when formulating international pricing strategies? What steps would you follow in arriving at international prices?
-
1) Predict the organicproduct formed when BzCl reacts with cyclohexanol. BzCl = benzoylchloride. 2) Provide the majororganic product of the reaction below. 3) Draw the structureof the product formed...
-
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
-
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
-
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...
Study smarter with the SolutionInn App