subject
Business, 08.02.2021 18:50 shymitch32

Hoffman, Inc. adjusts its books each month but closes its books at the end of the year. The trial balance at March 31 before adjustments is as follows: DebitCredit

Cash$11,000

Accounts Receivable9,700

Supplies1,380

Prepaid Insurance3,440

Equipment30,600

Accumulated Depreciation: Equipment $12,240

Unearned Service Revenue 6,900

Capital Stock 5,600

Retained Earnings 23,800

Dividends1,640

Service Revenue Earned 19,590

Salaries Expense8,200

Utilities Expense470

Rent Expense1,700

$68,130$68,130

According to service contracts, $4,890 of the Unearned Service Revenue has been earned in March. The amount of Service Revenue Earned to be reported in the March income statement is:

a. $19,590

b. $24,480

c. $14,700

d. $23,690

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 09:40
Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.
Answers: 2
question
Business, 22.06.2019 11:00
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
Answers: 3
question
Business, 22.06.2019 12:50
Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
Answers: 3
question
Business, 22.06.2019 15:40
Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
Answers: 1
You know the right answer?
Hoffman, Inc. adjusts its books each month but closes its books at the end of the year. The trial ba...
Questions
question
Mathematics, 24.03.2021 19:30
question
Mathematics, 24.03.2021 19:30
question
Mathematics, 24.03.2021 19:30
question
Mathematics, 24.03.2021 19:30
question
Mathematics, 24.03.2021 19:30
question
English, 24.03.2021 19:30
Questions on the website: 13722363