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YOUR FIRM ABC COMPANY KFC KABUL COMPANY 2. Your firm received $15000 deposit on 1.KFC sent the $15k to ABC. account for future hospital services

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YOUR FIRM ABC COMPANY KFC KABUL COMPANY 2. Your firm received $15000 deposit on 1.KFC sent the $15k to ABC. account for future hospital services to be performed. Another firm, your client, paid you a deposit for future services you are to perform.(revenue is unearned ).See #14. ., DR Cash 15k_ DR__Prepaid Expense 15k_ b) CR Unearned revenue 15k_ CR Cash 15k 7. Prepaid Expense of engineering services of $4400 7. KFC received the $4400. was paid out of cash by your firm .You paid another firm money for them to perform services for your firm.See #15. c. DR _Prepaid Expense 4.4k_ DR Cash 4.4k CR Cash 4.4k CR unearned revenue 4.4k d. 11. Your firm painted a building was painted for $3275 11.KFC's building was painted. in revenue fees. $1k was paid to you and the rest was to be paid to you in the future on account. DR AR 2275 DR Expense 3275 DR Cash 1k CR Cash 1k CR Revenue 3275 CR AP 2275 - CR CR 13.IN reference to the building which was painted 13.KFC sent $7275 to ABC. for $3275, in #11. Your firm receives $7275 in cash. Your customer paid the account amount owed and makes a deposit or prepayment of $5k to your firm. ) DR_Cash 7275 DR_prepaid expense 5k_ AR 2275 DR Accounts payable 2275_ unearned revenue 5k CR Cash 7275 17. Of the Received $15000 deposit on account for 14. KFC has expenses of $17.5k future hospital services to be performed in #6. The firm now earns $17500 in revenue in total. An additional 2500 is billed to customer on account. ..DR AR 2.5k DR expense 17.5k _unearned revenue 15k CR _Accounts Payable 2.5k_ Cr revenue 17.5k CR Prepaid Expenses 15k 18. Of the . Prepaid Expense of engineering services of $4400 15. KFC has revenue of 9.4k was paid out of cash in #7. The firm now incurred those $4400 expenses and additional $5000 worth of the Expenses that was incurred to be paid on a later day. DR _Expense 9.4k DR AR 5k _Accounts Payable 5k_ DR Unearned revenue 4.4k CR Prepaid Expense 4.4k_ CR Revenue 9.4k b. DR a CR c. 19.. Total cash received from the customer is $5080; 16. KFC paid $5080 to ABC $3080 in Earned Revenue and makes a $2k deposit with you for future revenue services where revenue will be earned in the future.. Dr Cash 5080 DR Expense 3080 unearned revenue 2k DR _Prepaid Expense 2k ..CR revenue 3080 CR Cash 5080 a. b. CR 18. Of the .Prepaid Expense of engineering services of $4400 15. KFC has revenue of 9.4k was paid out of cash in #7. The firm now incurred those $4400 expenses and additional $5000 worth of the Expenses that was incurred to be paid on a later day. a. DR Expense 9.4k DR AR 5k Accounts Payable 5k DR Unearned revenue 4.4k Prepaid Expense 4.4k CR Revenue 9.4k_ b. CR c. CR YOUR FIRM ABC COMPANY KFC KABUL COMPANY 2. Your firm received $15000 deposit on 1.KFC sent the $15k to ABC. account for future hospital services to be performed. Another firm, your client, paid you a deposit for future services you are to perform.(revenue is unearned ).See #14. ., DR Cash 15k_ DR__Prepaid Expense 15k_ b) CR Unearned revenue 15k_ CR Cash 15k 7. Prepaid Expense of engineering services of $4400 7. KFC received the $4400. was paid out of cash by your firm .You paid another firm money for them to perform services for your firm.See #15. c. DR _Prepaid Expense 4.4k_ DR Cash 4.4k CR Cash 4.4k CR unearned revenue 4.4k d. 11. Your firm painted a building was painted for $3275 11.KFC's building was painted. in revenue fees. $1k was paid to you and the rest was to be paid to you in the future on account. DR AR 2275 DR Expense 3275 DR Cash 1k CR Cash 1k CR Revenue 3275 CR AP 2275 - CR CR 13.IN reference to the building which was painted 13.KFC sent $7275 to ABC. for $3275, in #11. Your firm receives $7275 in cash. Your customer paid the account amount owed and makes a deposit or prepayment of $5k to your firm. ) DR_Cash 7275 DR_prepaid expense 5k_ AR 2275 DR Accounts payable 2275_ unearned revenue 5k CR Cash 7275 17. Of the Received $15000 deposit on account for 14. KFC has expenses of $17.5k future hospital services to be performed in #6. The firm now earns $17500 in revenue in total. An additional 2500 is billed to customer on account. ..DR AR 2.5k DR expense 17.5k _unearned revenue 15k CR _Accounts Payable 2.5k_ Cr revenue 17.5k CR Prepaid Expenses 15k 18. Of the . Prepaid Expense of engineering services of $4400 15. KFC has revenue of 9.4k was paid out of cash in #7. The firm now incurred those $4400 expenses and additional $5000 worth of the Expenses that was incurred to be paid on a later day. DR _Expense 9.4k DR AR 5k _Accounts Payable 5k_ DR Unearned revenue 4.4k CR Prepaid Expense 4.4k_ CR Revenue 9.4k b. DR a CR c. 19.. Total cash received from the customer is $5080; 16. KFC paid $5080 to ABC $3080 in Earned Revenue and makes a $2k deposit with you for future revenue services where revenue will be earned in the future.. Dr Cash 5080 DR Expense 3080 unearned revenue 2k DR _Prepaid Expense 2k ..CR revenue 3080 CR Cash 5080 a. b. CR 18. Of the .Prepaid Expense of engineering services of $4400 15. KFC has revenue of 9.4k was paid out of cash in #7. The firm now incurred those $4400 expenses and additional $5000 worth of the Expenses that was incurred to be paid on a later day. a. DR Expense 9.4k DR AR 5k Accounts Payable 5k DR Unearned revenue 4.4k Prepaid Expense 4.4k CR Revenue 9.4k_ b. CR c. CR

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