Answer:
$200 of revenue, $400 of deferred revenue
Explanation:
The journal entry to record the entry on August 1 is shown below:
Unearned revenue A/c Dr $200
To Revenue $200
(Being the two-month revenue is recorded)
The computation is shown below:
= Six-month revenue × number of months ÷ total number of months
= $600 × 2 months ÷ 6 months
= $200
The two months is calculated from June 1 to August 1
The remaining balance would be transferred to the deferred revenue account
= $600 - $200
= $400
Answer:
b longitudinal
Explanation:
it is b longitudinal. I just know
Answer:
see below
Explanation:
Operating expenses are the cost a business incurs while engaging in its normal business operations. They are the costs not directly be attached to the production process. A business incurs operating expenses in managing it day to day activities. They exclude one time expenses such as judgment cost, accounts adjustments, and other non-recurring costs.
Operating expenses are classified into administrative, selling, and general expenses. Businesses cannot avoid operating expenses; hence the management should strive to keep them as low as possible. Examples of operating expenses include rent, salaries, employee benefits, transport, depreciation, repairs, taxes, sales commissions, amortization, and pension contributions.
Answer:
Which of the following is true if you decide to take the vacation?
(B) The benefits of going on the vacation exceed the benefits you would obtain from the new computer.
Explanation:
The benefits of going on the vacation exceed the benefits you would obtain from the new computer.
The cost of going on the vacation is less than the cost of the computer.