N May 1, 2020, Goldenrod Co. signed a contract with a client for $144,000 cash based on which Goldenrod agrees to provide consulting services to the client for a subsequent two-year period (i. e., from May 1, 2020 through April 30, 2022). The customer will be billed annually and full payment will be received on May 5, 2022. Assume that Goldenrod has provided consulting services during 2020 and makes any necessary adjusting entries related to this transaction at the end of the fiscal year on Dec. 31.

What adjusting journal entry should Goldenrod make on December 31, 2020?
A. Dr. Cash 72,000
Cr. Service Revenue 72,000
B. Dr. Accounts Receivable 48,000
Cr. Service Revenue 48,000
C. Dr. Unearned Revenue 48,000
Cr. Service Revenue 48,000
D. Dr. Cash 90,000
Cr. Service Revenue 90,000

Which type of investment offers both capital gains and interest income? a. property b. cds c. stocks d. bonds

If the demand for a pair of shoes is given by 2p + 5q = 200 and the supply function for it is p − 2q = 10, compare the quantity demanded and the quantity supplied when the price is $90. quantity demanded pairs of shoes quantity supplied pairs of shoes will there be a surplus or shortfall at this price? there will be a surplus. there will be a shortfall.

Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?