Business, 08.07.2019 21:30 alyssasnyderrr
Complete the paragraph to explain why unearned revenues are liabilities instead of revenues. in the explanation, use the following actual example: the new york times, a national newspaper, collects cash from subscribers in advance and later provides news content via print newspapers and online access to subscribers over a one-year period. explain what happens to the unearned revenue over the course of a year as the new york times delivers papers and online content to subscribers. into what account does the earned subscription revenue go as the new york times delivers papers and online content? give the journal entries that the new york times would make to (a) collect $ 85 comma 000 of subscription revenue in advance and (b) record earning $ 40 comma 000 of subscription revenue. include an explanation for each entry.
Answers: 3
Business, 21.06.2019 20:40
Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent
Answers: 3
Business, 22.06.2019 19:50
On july 7, you purchased 500 shares of wagoneer, inc. stock for $21 a share. on august 1, you sold 200 shares of this stock for $28 a share. you sold an additional 100 shares on august 17 at a price of $25 a share. the company declared a $0.95 per share dividend on august 4 to holders of record as of wednesday, august 15. this dividend is payable on september 1. how much dividend income will you receive on september 1 as a result of your ownership of wagoneer stock
Answers: 1
Complete the paragraph to explain why unearned revenues are liabilities instead of revenues. in the...
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