Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 17, 2024

In its first month of business, Sea World Cruises, Inc., collected $36,000 from customers in advance during May. At May 31, it had a balance

In its first month of business, Sea World Cruises, Inc., collected $36,000 from customers in advance during May. At May 31, it had a balance in its Deferred Revenue of $11,000. What is the amount of Revenue earned that had been collected in advance?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 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

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

14th Edition

133081605, 132575957, 9780133081602, 978-0132575959

Students also viewed these Accounting questions

Question

★★★★★

An experiment was run to determine whether four specific firing temperatures affect the density of a certain type of brick. The experiment led to the following data. (a) Does the firing temperature...

Answered: 1 week ago

Question

★★★★★

16. LO.1 Herbert was employed for the first six months of 2021 and earned $90,000 in salary. During the next six months, he collected $8,800 of unemployment compensation, borrowed $12,000 (using his...

Answered: 1 week ago

Question

★★★★★

=+1. Which of the given are Actions and which are States of Nature?

Answered: 1 week ago

Question

★★★★★

Refer to Problem 11-19 and model this problem using linear programming. Solve it with any software.

Answered: 1 week ago

Question

★★★★★

Illinois State - Required Notary Exam Question 3 4 of 5 0 A Notary is prohibited from advertising unless they are also an attorney or immigration specialist. a ) b )

Answered: 1 week ago

Question

★★★★★

hich of the following tasks are related to best practices in project management? Group of answer choices risk management, project leadership, resource allocation, quality, and project ethics using...

Answered: 1 week ago

Question

★★★★★

Statement : Over the last 6 months, you have received numerous complaints from guests and staff that the property management computer system (PMS) is slow, crashes regularly, causes long check-in...

Answered: 1 week ago

Question

★★★★★

What type of vehicle transports containers from the container yard to the gantry cranes that load containerships?

Answered: 1 week ago

Question

★★★★★

Figure P.13.3 shows the flight envelope at sea-level for an aircraft with a wing span of 27.5m, average wing chord 3.05m, and total weight 196kN. The aerodynamic center is 0.915 m forward of the...

Answered: 1 week ago

Question

★★★★★

4. You elect extended repayment of your student loan and must pay $474.80/month. Your interest rate is 4.06%. Correct to the nearest dollar, how much did you borrow? 5. How much would you save, in...

Answered: 1 week ago

Question

★★★★★

Data and data analysis form important parts within the Lean Six Sigma (LSS) framework. Within a LSS project, what are data and data analysis not used for? 1)Diagnose the current process. 2) Find the...

Answered: 1 week ago

Question

★★★★★

I need C explained. I know the answer is 1/square root of 2x+1 but when I work the problem I get the inverse, such as square root of 2x+1 over 1 7. Use the limit definition of the derivative to find...

Answered: 1 week ago

Previous Question Next Question