Can someone explain to me how in these problems why the bottom few revenues are not accounted for? and the same thing with the expenses for July? Im confused as to how only the first few account for the revenues and expenses in these problems. Can someone give me a deeper detailed reason? Thanks!
Correct! January 1, 2017, X Company, a magazine company receives 5360 from a customer for a 3 year subscription to its magazine covering 2017 to 2019. Correo Prepaid Expo On November 25, 2017, Company pays a newspaper $300 for an ad that will run in the paper on January 3, 2018 Question 3 1.6I 1.6 pts Q Company has the following information: Received $1.500 cash on July 15, 2017 in exchange for services performed for a customer on July 15, 2017 Performed services of $1.000 for a customer on July 28, 2017. Q billed the customer who will pay in August, 2017 . Received $800 cash on June 15, 2017 in exchange for services to be performed for a customer in July 2017. Q performed the services on biscurs.com/courses/321962/quizzes/400955?module_hem_id=5588222 Olon sus 5888222 NOST 2.5/2.5 pts cember 31 for Trego Company e adjustment data.mollard lot obro bolstvo 2 Performed services of $600 for a customer on June 29, 2017. O billed the customer who paid the bill on July 10, 2017 WOI d've bttn june Beu.) Received $1.300 cash on July 25, 2017 in exchange for services to be S D N inte July 10, 2017 47 Asignation to Act 1520) performed for a customer in August 2017. Under the accrual basis of accounting, what is company's revenue that would appear on its July 2017 Income statement? do not enter dollar signs or commas. For example enter $4,500 as 4500. 1500 Correct! + 1000 3,300 800 3,300 act Answers 3,300 (with margin: 0) Question 4 1.6 / 1.6 pts Z Company has the following information: Paid $500 cash on July 15, 2017 in exchange for a company to fix a broken window in its building on July 15, 2017 Used $700 of services of a computer company to remove viruses from its computers on July 28, 2017. The company billed Q who will pay the $700 in August, 2017 Paid $1.300 cash on June 25, 2017 to another company that will paint Q's offices in July 2017. The company painted the offices on July 10, 2017 Hired a plumber to replace a faucet on lun 20 2011 . do not enter dollar signs or corrmas. For example enter $4,500 as 4500. accounting. What is Company's revenue that would appear on its mer in August July 2017 income statement? Correct 3,300 1500 +1000 800 3,300 orrect Answers 3,300 (with margin: 0) 1.6 / 1.6 pts Question 4 Z Company has the following information: Paid $500 cash on July 15, 2017 in exchange for a company to fix a broken window in its building on July 15, 2017 Used $200 of services of a computer company to remove viruses from its computers on July 28, 2017. The company billed Q who will pay the $700. in August, 2017 Paid $1.300 cash on June 25, 2017 to another company that will paint Q's offices in July 2017. The company painted the offices on July 10, 2017 Hired a plumber to replace a faucet on June 29, 2017. The plumber billed Q $300. Q paid the bill on July 10, 2017 Paid $1,500 cash to another company on July 25, 2017 in exchange for lawn services to be performed from August to October 2017. Under the accrual basis of accounting, what is Q Company's expense that would appear on its July 2017 income statement? Do not enter dollar signs or commas. For example enter $4,500 as 4500. 500 OCCO sot! 2,500 700 1,300 au instructure.com/courses/321962 quizzes/400955?module_item_16=5588222 2500 Here is a list of adjustment data at December 31 for Trego Company Match the type of adjustment next to the
