Sales Refunds Payable is an example of an known liability Contingent liability Estimated by You fem Multiple Choice A company receives shut 514,000 on July 14m. for services to be performed on December 12 only on the company reco amount of 1:16 10 Sports Mustrated sells two-year subscriptions for $240 on January 1st of each year. Subscription revenues are very cared over the two year periodon December 31st of year 1, what is the journal entry required? De Cash 240: Ct. Uneamed Subscription Revenue 240 o De Unamed Subscription Revenue 120. Subscription Revenue 120 Dr Suttertion Revenue 120 r. Uneamed Subscription Revenue 120 Dr. Uneamed Subscriction Revenue 240: Subscription Revenue 240 Multiple Choice On Januarych. Lancer Intered into twin One Bank and brow 100.000 euro 2000 vetery Based on station which of the following 120 horn on Multiple Choice 1 point possible graded Assume a company has the following information: Note Payable: $100,000 . Interest Rate: 6% Issue Date: October 1 Year-end: December 31 Assuming adjustments are made at year-end, which of the following statements is true at year-end? Interest Expense is credited for $1.500 Cash is credited for $1,500 Interest Payable is debited for 5500 Interest Expense is debited for $1.500 On the maturity date of a note payable, which of the following options is true? Cath should be debited for principal plus interest Interest Expense should be credited to any interent that needs to be served for Notes Payable should be debited for the principal Notes Payable should be credited for principal plus interest You have me Multiple Choice populer Cote Direct sets various coffee ment and accessories in the most recent periode company at 50.000 Th.com costs to be of sales What ournal entry is recorded to the way De Estimated Warranties Payable 7.000: Dr. Cach 7.000 De Waren 7.000. Crimed Warrantes 7.000 DE Was Payabi 7000 r. Wype 1000 Di Warna per Cask 7.000 Il the likelihood of an occurrence of a contingent ability is deemed reasonably possible, what is the appropriate accounting otro? o Nothing is required No disclosure only Journize only Joumalize and the disclosure of Multiple Choice All of the following comes As die Multiple Choice 1 point possible (graded) Green Co. has a times interest earned ratio of 11, where Blue Co has a times interest earned ratio of 13. Which of the following statements ? Blue Co has more total assets Blue Co. has a better ability to service its debt Green Co. has higher net income Green Co. has a better ability to service its debt Sum You have used 0 of attempt