Accounting 101. Six relatives compensated for a company's 6 mo grass service pack of $600 origin contained by May.?
The customers were serviced surrounded by May. I need to do adjust entries and T accounts. I'm not sure what my T accounts for May 31 should look like?? My adjust entries areDebit Unearned Service Rev $3600
Credit Service Rev $3600
The problem also states that there is a current go together of $3600. Would the Unearned Service Revenue become 0 then??
Answers: If a 6 month bunch costs $600, that's $100 per mth, from May to Oct (both mths inclusive). When these 6 people salaried up, the entry then be:
Dr Cash $3,600
Cr Unearned revenue $3,600
If they were serviced contained by May, you've provided 1 mth's service and shd reverse 1 mth's service revenue out of unearned revenue, leaving 5 mths' worth surrounded by unearned revenue. On May 31, adjusting entry:
Dr Unearned revenue $600 (6 culture x $100 each)
Cr Lawn service revenue $600
The bal. in your unearned revenue a/c at May 31 shd be $3,000 (6 population x $500 each). It's hard to describe T a/cs here, but if you rob the unearned rev. a/c with a importune. bal. of $3,600 on the credit (right hand) side, you enter $600 on the left mitt side, thereby dropping the bal. in the a/c to $3,000. Your sward service a/c would have the $600 enter on the credit side. At the end of Oct. your unearned rev. a/c will own a zero bal. and your meadow service rev. a/c would have a bal. of $3,600, since by the closing stages of 6 mths you'd have earn all your revenue.
How much is 200-250 pounds sterling?
I posted a question yesterday nearly how much a Coach bag would cost within England and I got an answer that be 200-250 pounds in sterling and I don't know how much it is, if anyone can answer any of my questions, please do not dawdle to do so, thanks.Answers: Today, a British Pound is worth US$2.98 or 1.33 Euro.
So, 200 - 250 Pound Sterling would be worth almost US$596 - 745 or 260 - 332 Euro.
How do I verify my Visa card?
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