FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Able Co. received $85,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At the

image text in transcribed
Able Co. received $85,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At the end of April, 48% of the services were complete. What is the amount that should be reported as UNEARNED REVENUE on the BALANCE SHEET at the end of April related to this customer's work? Enter your response as a whole number, no commas and no dollar signs. Your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Blood Audit

Blood Audit

Authors: Edward S Blythe

1st Edition

1480180394, 978-1480180390

More Books

Students also viewed these Accounting questions

Question

★★★★★
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Exhibit 10: Checking Account Company...

Answered: 1 week ago

Question

★★★★★
28. Given the normally distributed random variable X with o = 10 and P(X Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
=+2. How does culture affect courage?

Answered: 1 week ago

Question

★★★★★
Catlet Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were sold. InstructionsCompute the ending inventory at May 31 and cost of goods...

Answered: 1 week ago

Question

★★★★★
Q-6 What is ABC Analysis? ABC Analysis Stock Number Annual $ Volume Percent of Annual $ Volume J24 14000 R26 10500 LO2 4700 M12 3050 P33 770 T72 215 203 S67 Q47 182 V20 180 Total (0) What are the...

Answered: 1 week ago

Question

★★★★★
On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,700,000 for $5.000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms...

Answered: 1 week ago

Question

★★★★★
Gains From Trade Overall Score: 88% Inventory PPF y Level 3: Implementing Trade and Exploring the Gains from Trade You decide to throw a feast for you and Friday. This will require 5000 calories of...

Answered: 1 week ago

Question

★★★★★
What is the total net cash flow over 4 years for the trucking venture? Trucking Venture Specifics Initial investment Cost of the truck Working capital deposit Operations (per year for 4 years)...

Answered: 1 week ago

Question

★★★★★
Problem Set 2 Instructions Question 1 A has 1 and 2 Question 1 B has 1 and 2. Question 2 A has one question Question 2 B has 1, 2, 3 Question 1 Compound Interest and Savings Annuities Use the...

Answered: 1 week ago

Question

★★★★★
Design a study and collect data. Kanai and colleagues performed MRI scans on student volunteers at University College, London. The results from each brain area were quite similar. You will examine...

Answered: 1 week ago

Question

★★★★★
1. Cris Company manufactures electric motors to the exacting specifications of various customers. During February, Job #102 for the production of 110 motors is completed at the following cost per...

Answered: 1 week ago

Question

★★★★★
Collect sales messages in different formats (e.g., letter, flyer, brochure, postcard). Which are effective and which are ineffective? Explain why. (Objective 4)

Answered: 1 week ago

Question

★★★★★
Discuss three situations or messages in which someone tried to persuade you to do something. Analyze the strengths and weaknesses of these oral or written messages. (Objective 3)

Answered: 1 week ago

Question

★★★★★
Your instructor recently talked about the work she has been doing with a not-for-profit organization, Dress for Success. This group works with economically disadvantaged women and encourages...

Answered: 1 week ago

Previous Question Next Question