Unearned Service Revenue

Learning.hccs.edu
The unearned revenue account shows a balance of $46,000. According to the manager 75% of that amount has been earned. (e) Unearned Service Revenue. 9,600. Service Revenue. 9,600. Recorded revenue earned ($14,400 2/3 = $9,600) f. Wages Expense. 8,400. ... Fetch Here

Accounting - Adjusting Entries (Part 3): Unearned Revenues ...
Accounting - Adjusting Entries (Part 3): Unearned Revenues profblazarus. Loading Unsubscribe from profblazarus? Adjusting Entries - Lecture 4 - Unearned Revenue - Duration: 8:58. Else Grech Accounting 28,493 views. 8:58. 300 Types of Adjusting Journal Entries ... View Video

Recording Unearned Revenue - YouTube
Receipt of payment from a customer before completing a service, creates an Increase in the asset Cash and an increase in a Liability to the customer. The lia ... View Video

Accrual Accounting And The Financial Statements
Accrual Accounting and the Financial Statements Chapter 3 4/30 950 Salary Expense 4/15 950 Cash 4/15 950 April 30 Accounts Receivable 250 Service Revenue 250 To accrue service revenue April 20 Cash 450 Unearned Revenue 450 Received advanced payment April 30 Unearned Revenue 150 ... View Full Source

SOLUTIONS TO EXERCISES—SET B - North Seattle College
SOLUTIONS TO EXERCISES—SET B EXERCISE 3-1B 1. False. Adjusting entries are necessary to update the accounting records to the accrual basis. 2. True. 3. Unearned Service Revenue No. 230 Date Explanation Ref. Debit Credit Balance 2008 May 31 31 Balance Adjusting J4 1,600 2,000 400 ... Retrieve Full Source

EXERCISE 5-5 (30–35 Minutes) Uhura Company Balance Sheet ...
Uhura Company Balance Sheet December 31, 2007 Assets Current assets Cash Unearned service revenue.. 2,000 Total current liabilities .. $12,500 Long-term liabilities Bonds payable ... Fetch Document

Ccounts Receivable (Unearned revenue/ Accounts Receivable ...
The required adjusting entry would be to debit the '\\ccounts receivable (Unearned revenue/ Accounts receivable/ Cash/ Service revenue) account and credit (debiVcredit) the Service revenue (Unearned revenue/ Accounts receivable/ Cash/Service revenue) account. ... Access Document

Streaming.missioncollege.org
Service revenue of $540 c. Unearned service revenue of $360 d. Cash of $180 7. Assume you prepay Get Fit Now for a package of six physical training sessions. Which Metro Magazine collects cash from subscribers in advance and then mails the ... Doc Retrieval

BUS312A/612A Financial Reporting I - GBS Community Portal
Unearned service revenue 2,840 4,111 Accrued expenses 3,435 2,108 Prepaid expenses 1,917 3,232 Convert to accrual basis. E3-20 Adjusting & Reversing entries. Title: BUS312A/612A Financial Reporting I Author: Susan Crosson 2011 Created Date: ... Fetch Doc

Franke.nau.edu
Unearned Revenue. Service Revenue. Common Stock. 13. Closing journal entries. Are made at the beginning of an accounting period. Are made at the end of an accounting period, clear the temporary accounts of their balances and close those balances to Retained Earnings. ... Retrieve Content

Internal Revenue Service Memorandum
Internal Revenue Service Memorandum Number: 201729001 Release Date: 7/21/2017 CC:ITA:B04: SRSinno revenue allocation plan to (or on behalf of) a child (as defined in § 1(g)(2) of the Internal Revenue Code) who is a member of Tribe “unearned income” under § 1(g)(4)? ... Read Full Source

Adjusting Entries for “Unearned Revenues Unearned Service Revenue shows a balance of $1,200 in the October 31 trial balance. Analysis reveals that the company earned $400 of those fees in October. Service revenue. 400. ... Read Here

Taxation In Denmark - Wikipedia
Taxation in Denmark. Taxation; An aspect of fiscal policy: Policies. Government revenue; Tax revenue; Non-tax revenue; Tax law; Tax Revenue service; Revenue stamp; Tax assessment; Taxable income; Tax lien; Tax refund; Tax shield; Tax residence; Tax preparation; Tax investigation; ... Read Article

Home Mortgage Interest Deduction - Wikipedia
Revenue service; Revenue stamp; Tax assessment; Taxable income; Tax lien; Tax refund; Tax shield; Tax residence; Tax preparation; Tax investigation; While many Americans believe that Congress created the home mortgage interest deduction as a way to encourage home ownership, ... Read Article

Unearned Tuition Affidavit - Welcome To Texas Workforce ...
Unearned Tuition Affidavit Texas Workforce Commission tuton the projeced maxmum of unearned tuton and the gross amount of Texas studen tuton and fees ne ot f refunds as stated in Internal Revenue Service as the annual income tax specifically filed for. ... Doc Retrieval

ILLUSTRATION 20-1 DEFERRED TAX LIABILITY
Book basis of unearned subscription revenue $ 15,000 Tax basis of unearned subscription revenue – 0– Cumulative temporary difference 15,000 Tax rate 40% Deferred tax asset at end of 1997 $6,000 Alternative Method — Scheduling 1998 1999 2000 ... Access Content

Weygandt Accounting Principles 11e Solutions Manual Ch4 Track ...
Owner’s Drawing; and Service Revenue. 10. A reversing entry is the exact opposite, both in amount and in account titles, of an adjusting entry and is made at the beginning of the new accounting period. Reversing entries are an optional ... View This Document

BUS312A/612A Financial Reporting I - GBS Community Portal
BUS312A/612A Financial Reporting I Homework 9.24.2014 & 9.29.2014 Unearned subscription revenue. 4. Advances to suppliers. 5. Unearned rent revenue. 6. 35 year service life on factory building for 15 years, change in ... Fetch Full Source

INTERNAL REVENUE SERVICE NATIONAL OFFICE TECHNICAL ADVICE ...
INTERNAL REVENUE SERVICE NATIONAL OFFICE TECHNICAL ADVICE MEMORANDUM May 03, 2012 Third Party Communication: None Date of Communication: Not Applicable ... Return Doc

Unearned Revenues - Ch. 3 Video 4 - YouTube
Recording unearned revenues - adjustment. Category Education; License Standard YouTube License; Show more Show less. Loading Lecture 4 - Unearned Revenue - Duration: 8:58. Else Grech Accounting 29,110 views. 8:58. Unearned Revenue - Duration: 5:12. Edspira 4,801 views. 5:12. ... View Video

10Q INSPRO TECHNOLOGIES CORP
The current operations of InsPro Technologies Corporation (the "Company", "we", "us" or "our") consist of the operations of our wholly owned subsidiary InsPro Technologies, LLC ("InsPro LLC" ... Read News

ACCOUNTING 201 - Everett Community College
ACCOUNTING 201 PRACTICE MIDTERM - (Covering Chapters 1 - 5) Problem - I Service Revenue 800 . Unearned Revenue .. 800 . Accounts Receivable ... Retrieve Content

The Matching Concept And The Adjusting Process
Objectives After studying this chapter, you should be able to: 1 Explain how the matching concept relates to the accrual basis of ac-counting. 2 Explain why adjustments are nec- essary and list the characteristics ... Document Retrieval