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Which of the following Accounts would have Journal Entry postings based only on these transactions: 1) KASE receives $1,000 from Customer 1 for future consulting
Which of the following Accounts would have Journal Entry postings based only on these transactions: 1) KASE receives $1,000 from Customer 1 for future consulting services Cost of Goods Sold Cash Sales Revenue Consulting Services Revenue Accounts Receivable Merchandise Inventory Accounts Payable Unearned Revenue On January 1, Year 1, KASE issues $113,625 of 9%, 7-year bond, dated 1/1/20X1, and must pay interest twice a year (semi-annually) every first of July and first of January. Assuming there were no other changes to Cash, the Cash balance at the end of June 30, 20X5 is: Warning: When doing calculations, it is recommended to use Excel. If you are calculating by hand, do not round to the nearest whole number until you get to the final answer Enter your answer as rounded to the nearest whole number, for example: if the answer is 100, enter 100 if the answer is 100.49, enter 100 if the answer is 100.5, enter 101
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