On august 1 2009 the company is paid 3840 cash in advance, Ask an Expert

Accounting

On August 1, 2009, the company is paid $3,840 cash in advance to provide monthly service for an apartment complex for one year. The company began providing the services in August. When the cash was received, the full amount was credited to the Extermination Services Revenue account.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9431558

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - henry bautista needs 23800 in 10 yearswhat

Question - Henry Bautista needs $23,800 in 10 years. What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded qua ...

Question - at the beginning of the school year priscilla

Question - At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay ...

Qestion - the houston mavericks basketball team receives

Question - The Houston Mavericks basketball team receives $ 6500 for season tickets on August 1. By December 31, $ 3900 of the revenue has been earned. The adjusting entry to be made on December 31 includes a: A. credit ...

Question - jimeniz enterprises issued 9 5-year 2600000 par

Question - Jimeniz Enterprises issued 9%, 5-year, $2,600,000 par value bonds that pay interest semiannually on September 1 and March 1. The bonds are dated September 1, 2014, and are issued on that date. The market rate ...

Question - bates company issued 1000000 10-year bonds and

Question - Bates Company issued $1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $78,000. The deposits are made at the end of each year into an account paying 6% annual interest. What amount w ...

Question - splish company purchased equipment on january 2

Question - Splish Company purchased equipment on January 2, 2013, for $ 111,400. The equipment had an estimated useful life of 5 years with an estimated salvage value of $ 12,400. Splish uses straight-line depreciation o ...

Question - solar power inc had the following transactions

Question - Solar Power Inc. had the following transactions during 2105. Sales revenue $15,000 Equipment rental revenue 420 Cost of sales 6,200 Selling and administrative expenses 3,500 Interest expense 560 Gain on sale o ...

Question - merchandise accounts and computationskleiner

Question - Merchandise accounts and computations Kleiner Merchandising Company Accumulated depreciation$700 Beginning inventory 5,000 Ending Inventory 1,700 Expenses 1,450 Net Purchases 3,900 Net Sales 9,500 Krug Service ...

Question - robin corporation purchased 150000 previously

Question - Robin Corporation purchased 150,000 previously unissued shares of Nest Company's $10 par value common stock directly from Nest for $3,400,000. Nest's stockholder's equity immediately before the investment by R ...

Question answer the following questions1 it has been said

Question: Answer the following questions: 1. It has been said that independence is the cornerstone of the accounting profession. Explain what this means. What does it mean to say that auditors have special and critical g ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert