Fill in the t-accounts for each situation and label each transaction as deferrals/prepaid, accrual, or depreciation. use unadj. bal. as the label for the opening balance of each account. calculate the adjusted balance and use a bal. posting reference to show the ending balance of each account. enter each transaction on the first available line in the t-account. completed services that were paid for six months earlier, $1,910. the service revenue unadjusted balance as of december 31 is $11,600. the unearned revenue balance as of december 31 is $10,600.

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

After the embarrassing sign incident at the restaurant you own, you decide to offer employees a six-week fundamental writing skills workshop. a local business communication instructor, who has experience teaching writing skills at treleaven community college, will facilitate the sessions. to encourage employees to attend these optional sessions, write an email that explains why you’re offering the workshop and why employees should participate.