Answer:
November 5
Dr Unearned Ticket Revenue $1,930,000
Cr Ticket Revenue $1,930,000
Explanation:
Preparation of the journal entry to Record the revenue earned for the first concert date of November 5.
Based on the information given if Ticketsales receives the amount of $7,720,000 cash in advance ticket sales for a four-date tour of Bon Jovi which means that assuming it represents one-fourth of the advance ticket sales the revenue earned for the first concert date of November 5 will be :
November 5
Dr Unearned Ticket Revenue $1,930,000
Cr Ticket Revenue $1,930,000
($7,720,000 x 1/4)
(To Record the revenue earned for the first concert date of November 5.)
Answer:
E. Have customers who operate in many different parts of the country.
Explanation:
Details about a lockbox plan and services explains that this is a banking service to companies by a certain bank or banks that proceeds and receives receipts of payments from its customers where they are directly channeled to a plan inwhich they work with the bank on behalf of the company instead of contacting the said company as the bank helps or fastens the receipt processing and. The lockbox is virtually known to be advantageous to customers who operate in many different parts of the country.
It is generally known to assist companies with a very efficient way of depositing customer payments, this is for companies that find it a bit hard to check and respond to mails.
Answer:
ending finished inventory= $34,500
Explanation:
Giving the following information:
Damsel has provided the following information:
Sales Revenue$75,000
Beginning Finished Goods Inventory28,000
Cost of Goods Sold36,500
Cost of Goods Manufactured43,000
Cost of goods sold= beginning finished inventory + cost of goods manufactured - ending finished inventory
ending finished inventory= beginning finished inventory + cost of goods manufactured - cost of goods sold
ending finished inventory= 28000 + 43000 - 36500= 34,500
Answer:
I think the answer is leasehold estate. hope this helps.
