What is an unearned account? What type of account is it?
Question:
What is an unearned account? What type of account is it?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
An unearned account is an accou...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
We will be working with a company called Global Bike Inc., (GBI). Information regarding GBI follows. Company History Global Bike Inc. has a pragmatic design philosophy that comes from its deep roots...
-
During Heaton Companys first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $61 per unit) $ 1,098,000 $ 1,708,000 Cost of goods sold...
-
What is meant by the term unearned revenue? Where should an unearned revenue account appear in the financial statements? As the work is done, what happens to the balance of an unearned revenue...
-
A horizontal cross section of a concrete bridge pier is a regular hexagon (six sides, all equal in length, and all internal angles are equal), each side of which is 2.50 m long. If the height of the...
-
James Smith and Donald Robertson are assistant portfolio managers for Micro Management Partners. In a review of the interest rate risk of a portfolio, Smith and Robertson discussed the riskiness of...
-
The debate about centralization and decentralization is heating up again with the advent of Bring Your Own Device (B.Y.O.D.) and the increasing use of the Web. Why does the Internet make this debate...
-
On the average, a company has 12 weeks of work-in-process and annual cost of goods sold of $40 million. Assuming that the company works 50 weeks a year: a. What is the dollar value of the...
-
1. Given that Blades expects to use the cash flows generated by the Thai subsidiary to pay the interest and principal of the notes, would the effective financing cost of the baht-denominated notes be...
-
Blossom Manufacturing Corporation purchased 2 6 0 0 shares of its own previously issued $ 1 0 par common stock for $ 6 5 0 0 0 . As a result of this event, the Common Stock account decreased $ 2 6 0...
-
The Davis Lamp Company (DLC) is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and...
-
Which of these events will not be recognized? A. A service is performed, but the payment is not collected on the same day. B. Supplies are purchased. They are not paid for; the company will be...
-
Prepare an unadjusted trial balance, in correct format, from the following alphabetized account information. Assume all the accounts have normal balances. Accounts payable Accounts receivable Cash...
-
Illustrate the following with supply or demand curves: a. A situation of excess demand for medicine in China before June 1, 2015, caused by a price cap on most drugs. b. The effect of a sharp...
-
1. Make a comparison between the leadership approaches "Trait Models" and "Behavioral Models". Discuss the main postulates and differences between the models and provide examples of a theory...
-
Applying the Central Limit Theorem: The amount of contaminants that are allowed in food products is determined by the FDA ( Food and Drug Administration ) . Common contaminants in cow milk include...
-
A collection of techniques used by social scientists to compile, summarize, and convey numerical data. Revised Research Question Hypothesis : Null Hypothesis : A null hypothesis, often known as H0,...
-
Adidas is an international sporting apparel/shoes brand. If Adidas was to enter a new foreign market, it would conduct a country market assessment. Identify the 4 components of the assessment....
-
Using the scenario linked in the Supporting Materials section, assume that you are the cost accountant for your company, and the CFO has asked for your analysis on purchasing materials from an online...
-
Evaluate the following integrals or state that they diverge. 00 dv v(v + 1)
-
Let X be a random variable taking on values a1, a2, . . . , pr with probabilities p1, p2, . . . , pr and with E(X) = μ. Define the spread of X as follows: This, like the standard deviation, is a...
-
Echo Amplifiers prepared the following sales budget for the first quarter of 2018: It also has this additional information related to its expenses: Prepare a sales and administrative expense budget...
-
What are the advantages and disadvantages of the bottom-up budgeting approach?
-
Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the...
-
Suppose the S&P 500 currently has a level of 960. One contract of S&P 500 index futures has a size of $250 S&P 500 index. You wish to hedge an $800,000-portfolio that has a beta of 1.2. (A)In order...
-
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during...
-
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increased by 5 percent annually....
Study smarter with the SolutionInn App