abc is my company and kfc is another company
ABC company is mine, kabuul vompany /KFC is another company
TWO COMPANY UNIVERSE YOUR FIRM ABC COMPANY KFC KABUL COMPANY SEC4March33,2020-30 Your firm received $15000 deposit on 1.KFC sent the $15k to ABC account for future hospital services to be performed. Another firm, your client, paid you a deposit for future services you are to perform.(revenue is uneared).See #14. e) DR DR f) CR CR 7. . Prepaid Expense of engineering services of $4400 7. KFC received the $4400. was paid out of cash by your firm. You paid another firm money for them to perform services for your firm.See #15. a. DR DR b. CR CR 11. Your firm painted a building was painted for $3275 11.KFC's building was painted. in revenue fees. SIk was paid to you and the rest was to be paid to you in the future on account. DR DR DR DR CR CR 13.IN reference to the building which was painted 13.KFC sent S7275 to ABC for $3275, in #11. Your firm receives $7275 in cash. Your customer paid the account amount owed and makes a deposit or prepayment of SSk to your firm. a) DR DR b) CR CR c) CR CR 14. 14. Of the Received S15000 deposit on account for KFC has expenses of $17.5k future hospital T W ponme #6. The Your customer paid the account amount owed and makes a deposit or prepayment of $5k to your firm. a) DR DR b) CR CR c) CR CR 14. 14. Of the Received S15000 deposit on account for KFC has expenses of $17.5k future hospital services to be performed in #6. The firm now earns $17500 in revenue in total. An additional 2500 is billed to customer on account a. DR DR b. DR/CR DR/CR c. C CR 15. Of the Prepaid Expense of engineering services of S4400 15. KFC has revenue of 15.4k was paid out of cash in #7. The firm now incurred those $4400 expenses and additional $11,000 worth of the Expenses that was incurred to be paid on a later day. a. DR DR b. CR CR e. CR/DR CR/DR 16. Total cash received from the customer is $39,080; 16. KFC paid $39,080 to ABC S3080 in Earned Revenue and makes a $36k deposit with you for future revenue services where revenue will be earned in the future. a. Dr DR b. DR CR c. CR DR SEC4March33,2020-30 YOUR FIRM ABC COMPANY KFC KABUL COMPANY Your firm received $15000 deposit on 1.KFC sent the S15k to ABC account for future hospital services to be performed. Another firm, your client, paid you a deposit for future services you are to perform.(revenue is unearned).See #14. DR DR CR CR 7. Prepaid Expense of engineering services of $4400 7. KFC received the $4400. was paid out of cash by your firm. You paid another firm money for them to perform services for your firm. See #15. DR DR CR CR 11. Your firm painted a building was painted for $3275 11.KFC's building was painted in revenue fees. SIk was paid to you and the rest was to be paid to you in the future on account. DR DR DR DR CR CR 13.IN reference to the building which was painted 13.KFC sent $7275 to ABC. for $3275, in #11. Your firm receives $7275 in cash. Your customer paid the account amount owed and makes a deposit or prepayment of $5k to your firm. - DR DR CR CR -CR CR YOUR FIRM ABC COMPANY KFC KABUL COMPANY 2. Your firm received $15000 deposit on 1.KFC sent the $15k to ABC. account for future hospital services to be performed. Another firm, your client, paid you a deposit for future services you are to perform.(revenue is unearned ).See #14. DR Cash 15k DR_Prepaid Expense 15k_ CR Unearned revenue 15k CR Cash 15k 7. Prepaid Expense of engineering services of $4400 7. KFC received the $4400. was paid out of cash by your firm. You paid another firm money for them to perform services for your firm.See #15. Prepaid Expense 4.4k DR _Cash 4.4k CR_Cash 4.4k CR unearned revenue 4.4k 11. Your firm painted a building was painted for $3275 11.KFC's building was painted. in revenue fees. $lk was paid to you and the rest was to be paid to you in the future on account. DR AR 2275 DR _Expense 3275 DR Cash 1k CR Cash 1k CR Revenue 3275 AP 2275 DR CR 13.IN reference to the building which was painted 13.KFC sent $7275 to ABC. for $3275, in #11. Your firm receives $7275 in cash.
