There is a monthly bill from the utility company which bills $300 per month. This month, the invoice was never received. Please provide a journal entry to accrue for this expense.

5 points

QUESTION 7

Daves Plumbing, LLC performed plumbing services and billed for the services in the amount of 6,000, however, the client has not issued payment on the invoice. Please provide a journal entry to accrue for this revenue.

5 points

QUESTION 8

There were 500 boxes of paperclips in the offices supply closet at the beginning of the month. At the end of the month, there were 250 boxes left. The amount of boxes cost $3 per box. Please record a journal entry for this adjustment.

5 points

QUESTION 9

If Grantham Landscaping, LLC mowed a yard for $5,500 in March 2014, but did not get paid for mowing the yard until July 2014. Under CASH BASE accounting, when would this revenue be corded?

5 points

QUESTION 10

If Grantham Landscaping, LLC mowed a yard for $5,500 in March 2014, but did not get paid for mowing the yard until July 2014. Under ACCRUAL BASE accounting, when would this revenue be corded?