FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Onaworksheet,theunearnedconsultingrevenueaccounthasa$3,000normalbalance.Whenpreparingtheincomestatementcolumnsontheworksheet,theunearnedconsultingrevenueamountwouldbeputintowhichcolumn? Debit Income Statement Credit Income Statement Debit Balance Sheet Credit Balance Sheet

  • Onaworksheet,theunearnedconsultingrevenueaccounthasa$3,000normalbalance.Whenpreparingtheincomestatementcolumnsontheworksheet,theunearnedconsultingrevenueamountwouldbeputintowhichcolumn?
    • Debit Income Statement
    • Credit Income Statement
    • Debit Balance Sheet
    • Credit Balance Sheet

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_step_2

Step: 3

blur-text-image_step3

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

Accounting Principles
Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

13th edition

ISBN: 978-1-119-4110, 1119411483, 9781119411017, 978-1119411482

More Books

Students explore these related Accounting questions

Question

After comparing PengAtlas Map 2.1 and 2.2, in your opinion, why are most of the ten on 2.1 also on 2.2?

Answered: 3 weeks ago

Question

Hardaway earned $128,000 of compensation this year. He also paid (or had paid for him) $5,700 of health insurance (not through an exchange). What is Hardaway's AGI in each of the following...

Answered: 3 weeks ago

Question

Let X be a continuous variable whose range is the entire real line and which has distribution function FX, and let Y = |X|. Then for the distribution function, FY , of Y, we have FY (y) = FX(y) ...

Answered: 3 weeks ago

Question

Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs: Quantity of houses painted per month: 1 2 3 4 5 6 7 8 Variable costs: $10, $20, $40,...

Answered: 3 weeks ago

Question

2. (a) Discuss the differences between inductive research and deductive research. (15 marks) Use an example to illustrate: (b) Why case studies are an inductive research process. (15 marks) (c) How...

Answered: 3 weeks ago

Question

For a US investor investing in Brazilian equities, which of the following are risk factors that could decrease returns in US dollar terms? Check all that apply: The Brazilian stock market declines...

Answered: 3 weeks ago

Question

A retired couple plans to supplement their Social Security with interest earned by a $150,000 retirement fund. a. If the fund compounds interest monthly at an APR of 7.5%, which the couple takes out...

Answered: 3 weeks ago

Question

GOVERNMENT NSW TAFE Part 1: Sales budget preparation Prepare a Sales budget for 'Health is care' Cafe situated in a Blacktown city hospital for 2016. Health is care Cafe-Sales data for the year ended...

Answered: 3 weeks ago

Question

Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 3 weeks ago

Question

Help Desk Layout Using the internet, research help desk layouts. What types of novel layouts (i.e., not standard cubicles)? Which of these layouts would you prefer to work in?

Answered: 3 weeks ago

Question

ABN Amro Bank, Amsterdam, wants to purchase Rs.15 m against $ for funding their Vostro account with Canara Bank, New Delhi. Assuming the inter bank, rates of $ is 51.3625 - 3700, what would be the...

Answered: 3 weeks ago

Question

Operating expenses would include O interest expense. O income tax expense. O freight-out. O freight-out and interest.

Answered: 3 weeks ago

Question

A home-decorating company is determining the amount of fabric required for a customer's window treatments. A single window requires 11 3/4 yards and a double window requires 15 5/12 yards of fabric....

Answered: 3 weeks ago

Question

2. Value-oriented information and

Answered: 3 weeks ago

Question

1. Empirical or factual information,

Answered: 3 weeks ago

Question

1. To take in the necessary information,

Answered: 3 weeks ago

Previous QuestionNext Question