FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the accounting treatment for revenues? and what is the journal entries when you make the revenues?

what is the accounting treatment for revenues? and what is the journal entries when you make the revenues?

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: 3

blur-text-image

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

Financial Accounting

Financial Accounting

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

7th Edition

1118725786, 978-1118725788

More Books

Students also viewed these Accounting questions

Question

★★★★★
Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X442 and Y661. The company uses...

Answered: 1 week ago

Question

★★★★★
The open system authentication process uses how many frames? AOne B Two C Three DFour

Answered: 1 week ago

Question

★★★★★
If A and B are mutually exclusive events such that P(A) > 0 and P(B) > 0, then A and B cannot be independent.

Answered: 1 week ago

Question

★★★★★
On April 30, the bank reconciliation of Perrin Company shows three outstanding checks: no. 254, $650; no. 255, $720; and no. 257, $410. The May bank statement and the May cash payments journal show...

Answered: 1 week ago

Question

★★★★★
Consider a three-period economy with a continuum of agents. Each agent is endowed with one unit of a good in period 0, which she must use to finance consumption C1, C2 in periods 1 and 2. Agents have...

Answered: 1 week ago

Question

★★★★★
Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $70,000 2) borrowed $40,000 from its bank 3) provided...

Answered: 1 week ago

Question

★★★★★
Banana plc is a new firm planning to have an Initial Public Offering prior to the launch of the second-generation iPhone. Four analysts are trying to determine a price for Banana plc shares, but they...

Answered: 1 week ago

Question

★★★★★
Consider the following securities. They all have the same face value, annual coupon rate and frequency of coupon payments per year. Which one of these would you expect to pay the lowest price at...

Answered: 1 week ago

Question

★★★★★
As an employee of a large international courier and shipping service, Bill Wiley met with many companies that shipped and received packages almost every day. He was frequently asked if his company...

Answered: 1 week ago

Question

★★★★★
The professional football club, Highbury Academicals, is considering acquiring a highly successful German international footballer. The transfer fee will be 42m, half of which is payable immediately...

Answered: 1 week ago

Question

★★★★★
Alexandria is evaluating an idea to open her own business. The initial investment is estimated to be $100,000. The investment horizon is 5 years. She will use a 5-year straight-line depreciation...

Answered: 1 week ago

Question

★★★★★
What approach might an employer take to discourage employees from joining a union? What response might a union make?

Answered: 1 week ago

Question

★★★★★
What were the reasons the collective agreement was achieved?

Answered: 1 week ago

Question

★★★★★
What does Copp say is the most important asset of any airline?

Answered: 1 week ago

Previous Question Next Question