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Why the answer is yes? when would be no? and what would be the journal entry for it? thanks a lot 8.6 de service te
Why the answer is yes? when would be no? and what would be the journal entry for it?
8.6 de service te coch. Accrued. (Revere/ August 15, Anna signs new dient Eataly for similar promotional pastings. She changes $30.000 for a acral agreement of product pcements (no specific number of posts) for two full months. However, Eataly cfuses to pay in advance, and negotiates payment to take place on October 15, at the end of the contract term. Anna reluctantly agrees. She starts posting content Show all journal entries for the quarter ending Sept 30. 1. 7 Accont 22.000 2x1.5 22500 Receivable Senke 22.500 Revence. 22.500 4b. If Anna forgets to make an adiustine journal entry what is the effect of this omission on the incorrectly) reported financial statements ending September 300 On cach line, write Overstated, Understated, or No Effect. Revenues Expenses Unrelestated to Effect Undertatel I fassets V Liabilities Owners equity_ Chekerstateel De Effects thelestatel Net income 4. Show Anna's journal entry when she receives her October 15 payment. Show it as a compound entry. cash 30,000 22500 Cash 30.000 Accont Recruble 22500 Accant Receivable 22.500 Bente Revenue 7500 V Service Revenue 1500 cach Boo 5. On December 12, Anna buys $1,000 worth of office supplies (paper clips, sticky notes, etc.). She buys the supplies on credit (payment due on January 12), and makes the appropriate journal entry. At sie end of the year, she takes a physical count of the supplies and finds $200 of supplies on hand (that is still unused). Payment has not been made yet. Is an adjusting entry required on December 31? If so, show it. If no, explain why. APT Supplies Xyes 1b. Ar andenbinaf ement is not requarel. The detton Accooling to the recrual bandes reconing, a transaction to completed when serve is performal or action to completed. In this case, and the supplies are delivered ar 12.12. Ato thanks a lot
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