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: 50% (8 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...
-
Geoffreys Glassworks makes glass flanges for scientific use. Materials cost $ 3 per flange, and the glass blowers are paid a wage rate of $ 25 per hour. A glass blower blows 10 flanges per hour....
-
"About four percent of our production is defective, and there is no market for defective products. So our choice is either to discard the defective units or rework them. Some require more work than...
-
1. What is the chief characteristic of first principles, both of demonstration and of practical reason? 2. What is the difference between something being self-evident in itself and self-evident to...
-
Flint Corp. makes and sells deck coating which is sold by the gallon. Two pounds of sand are needed to make one gallon of deck coating. Budgeted production of deck coating for the next two months...
-
Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual Inventory system, The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash...
-
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...
-
Using a present value table, your calculator, or a computer program present value function, verify that the present value of $100,000 to be received in five years at an interest rate of 16%,...
-
What does Erica Olsen identify as the steps in the strategic planning process? How does the approach to strategic planning outlined by Erica Olsen in the video differ from the approach outlined in...
-
Which basic assumption is illustrated on a firm reports financial results on an annual basis
-
Briefly explain why low molecular weight products are desired in terms of rocket performance. You may provide equations to supplement your answer but a word-based explanation is require.
-
CM Ltd makes a product called Chin. The relevant range of operations is between 2,500 units and 10,000 units of Chin per month. Per unit costs at two activity levels are as follows: 5,000 units at...
-
Find the arclength of y = 2x-4 on 0 < x <3 > Next Question
-
Jack Dorsey, the executive chairman of Twitter, and the CEO of Square, is quite soft spoken yet still very persuasive. How can that be?
-
Derive Eq. (18.33) from Eq. (18.32).
-
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...
-
Decision Making at Netflix Values: Option A: Initial Investment $2,000,000, Annual Cash Flow $500,000, Project Life 5 years Option B: Initial Investment $3,000,000, Annual Cash Flow $700,000, Project...
-
Cost-Volume-Profit Analysis at Amazon Values: Item Amount Selling Price $140 Variable Cost $100 Fixed Costs $8,000,000 Requirements: Calculate the break-even point in units. Determine the sales...
-
The McDonald's Corporation operates fast-food restaurants worldwide. Last month, one of its outlets produced 50,000 burgers at a total cost of $30,000. When production increased to 60,000 burgers,...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App