Answers
Credit sales totalled $3214 from January 26 to January 31. The journal entry on 31 january would be
- Accrued revenue 3214
- Revenue 3214
- (Being credit sales recognised)
The accrued revenue is recognsed when sales have been made but not billed to the customers. Acrued revenue is used in the light of matching concept, so as to match the revenues with the expenses. The journal entry would look the same as above,
However, when on 1 February, customers are billed, entry would look like:
- Accounts receivable 3214
- Accrued revenue 3214
- (Being billing made to customers)
Similar Solved Questions
1 answer
Computer arthmetics True or false Answer True/False In general, a Galois Field GF(p) may contain more...
Computer arthmetics True or false Answer True/False In general, a Galois Field GF(p) may contain more than one primitive element. Division is always possible in mod p arithmetic, where p is a prime number. -A 16-bit two level carry select adder operates faster than a 16-bit single level carry-ski...
1 answer
O GASES Solving applications of Boyle's Law Omar V A marine biologist is preparing a deep-sea...
O GASES Solving applications of Boyle's Law Omar V A marine biologist is preparing a deep-sea submersible for a dive. The sub stores breathing air under high pressure in a spherical air tank that measures 87.0 cm wide. The biologist estimates she will need 7100. L. of air for the dive. Calculate...
2 answers
What is the maximum number of electrons in an atom whose highest-energy electrons have the principal...
What is the maximum number of electrons in an atom whose highest-energy electrons have the principal quantum number n=3? Express your answer as an integer. I've already tried putting in 18 and 28 electrons for my answer, but they were both marked as wrong. I'm not sure what else the answer c...
1 answer
العاليه اله Q2. Beckett's great achievement in this play is to suggest the universality of the...
العاليه اله Q2. Beckett's great achievement in this play is to suggest the universality of the state which is represented by Vladimir and Estragon, Discuss....
1 answer
Skysong Ltd. is a manufacturer of computer network equipment and has just recently adopted IFRS. The...
Skysong Ltd. is a manufacturer of computer network equipment and has just recently adopted IFRS. The wireless division is a cash-generating unit or asset group that has the following carrying amounts for its net assets: land, $21,700; buildings, $30,530; and equipment, $12,470. The undiscounted net ...
1 answer
69. Which of the following hormones is associated with milk ejection? A. Oxytocin B. Prolactin C....
69. Which of the following hormones is associated with milk ejection? A. Oxytocin B. Prolactin C. Vasopressin D. Somatostatin E. HCG...
1 answer
Please help, will give highest rating and thumbs up when completed and correct! Old Country Links,...
Please help, will give highest rating and thumbs up when completed and correct! Old Country Links, Inc., produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mix...
1 answer
An airline offers discounted flights from Atlanta to five American cities. Below is a(a) Construct a...
An airline offers discounted flights from Atlanta to five American cities. Below is a(a) Construct a relative frequency distribution of the data frequency distribution of the number of tickets purchased for each location based on a random sample of purchased tickets. Complete parts (a) through (f) R...
1 answer
Communicable Diseases: Expected Findings for Infectious Mononucleosis ( please fill every box!!! including Safety considerations!!!) ACTIVE...
Communicable Diseases: Expected Findings for Infectious Mononucleosis ( please fill every box!!! including Safety considerations!!!) ACTIVE LEARNING TEMPLATE System Disorder STUDENT NAME DISORDER/DISEASE PROCESS REVIEW MODULE CHAPTER Alterations in Health (Diagnosis) Pathophysiology Related to Clie...
1 answer
A certain manufacturing company has the following data on quantities shipped and unit costs for each...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Products Base-Period Quantities (Year 1) Year 1 Year 5 2,500 10.50 15.90 5,000 16.25 31.00 6,000 12.20 16.40 2,500 20.00 35.50 Use the price data...
1 answer
Prather Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Prather Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead coat Variable...
1 answer
32. At what temperature (in kelvin units) is the entropy of a pure crystal 0.0 J/K....
32. At what temperature (in kelvin units) is the entropy of a pure crystal 0.0 J/K. 33. Use the standard entropies for liquid water and steam to estimate the enthalpy of vaporization of water at its normal boiling point. AS [H2O(l)] = 69.9 J/K mol and AS [H2O(g)] = 188.8 J/K mol....
1 answer
What is the deadline by which a corporation must file its tax return? 1. The fifteenth...
What is the deadline by which a corporation must file its tax return? 1. The fifteenth day of the third month after the close of the year 2. The fifteenth day of the fourth month following the close of the year 3. the fifteenth day of the sixth month after the close of the year 4. The thirtieth day ...
1 answer
A regular hexagon has sides that are 14.6 cm long. What is the hexagon's perimeter?
A regular hexagon has sides that are 14.6 cm long. What is the hexagon's perimeter?...
1 answer
Find the laplace transform of [ [2,0< t<2 g(t) 7, 2< t -25 + c(s)= -25...
Find the laplace transform of [ [2,0< t<2 g(t) 7, 2< t -25 + c(s)= -25 0 2-܇ ܀ 21-e؛ ܪܼܲ$-(ocs ܙ-:; + -odo ) - $ w 21-e܊ ܝܼ ܊ -(odo 23-;܀ 21-e܊ ܛܼ :;- -(odo 2 c(s)= + -25 -25 +...
1 answer
A. An analysis of WTI's insurance policies shows that $3,468 of coverage has expired b. An...
a. An analysis of WTI's insurance policies shows that $3,468 of coverage has expired b. An inventory count shows that teaching supplies costing $3,006 are available at year-end 2018 c. Annual depreciation on the equipment is $13,871 d. Annual depreciation on the professional library is $6,936 e....
1 answer
Homework: PRACTICE SET-5 (NON-GRADED) CH-12 Save Score: 0 of 1 pt 6 of 10 (9 complete)...
Homework: PRACTICE SET-5 (NON-GRADED) CH-12 Save Score: 0 of 1 pt 6 of 10 (9 complete) HW Score: 90%, 9 of 10 pts 12.3.19 Question Help For the demand equation p = 1050 - 3q, verify that demand is elastic and total revenue is increasing for 0 <q<175. Verify that demand is inelastic and total r...