A client pays a company the full 12000.

As technology continues to advance, more and more companies are offering online bill payment options to their customers. Duke Energy is no exception. If you are a Duke Energy custo...Business; Finance; Finance questions and answers; An annuity that pays $12,000 a year at an annual interest rate of 5.25 percent costs $154,000 today. What is the length of the annuity time period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction? a. Debit cash$10,000, credit …Accounting questions and answers. Answer the following 30 questions please. Q1. On November 1, Year One, a company is paid $12,000 in advance to do a job for a customer. The job has ten separate steps. The first four steps were completed in Year One and the remaining six steps were completed in Year Two. The accountant mistakenly believed …

Oct 11, 2023 · On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. On october 1 a client pays a company the full 12000 balance of a year long contract. Using the accrual method what is the unearned revenue as of December 31. Answer by Guest. Based on the amount the client paid on October 1, the unearned revenue as at December 31 is $9,000.

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On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the Accrual method, what's the unearned revenue as of December 31? Solution The student's question is about calculating the interest rate for a perpetuity offered by an insurance company. The perpetuity pays $12,000 annually and is sold for $250,000. By applying the formula for the yield of a perpetuity, we find that the implied interest rate is 4.8%. Explanation:A small business borrows $12,000 at nominal interest 12% compounded quarterly, to help cover start-up costs. Payout $750 done at the end of every 6 months during the time required to pay return the loan. Three months before the 9th payment is due, the company refinancing a loan with a nominal interest rate of 9%, compounded monthly.

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Ex 8 On July 1 2014 Damlen Jurado Company pays 12000 to its insurance company from XCCC 24234 at Swedish College of Engineering and Technology, Rahim Yar Khan ... Accident Insurance Associates received $9,000 from a client for a 3-year ... On September 1, a check for $9,600 was received from a tenant for six months' rent. The full amount …

You can cancel anytime! Get instant answers from our online experts! Our experts use AI to instantly furnish accurate answers. Answer of On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of...Unearned revenue is the amount received from a client for a service that has yet to be rendered. Since the company has received the full balance over the services not yet provided. As of December 31, the unearned revenue will be $12,000.There are a number of consignment companies that buy used furniture, including Furniture Buy Consignment and Robin’s Gently Used and New Furniture. The price a company pays a perso...simon100912. Final answer: In accrual accounting, when a client pre-pays for a yearly contract, this is initially considered unearned revenue. As the company delivers …Here’s the best way to solve it. Calculate the amount of Unearned Rent Revenue for four months by multiplying the total amount of $24,000 by 4 then divide by 6. --The following adjustment entry will be needed fo …. On September 1, a client paid the company $24,000 cash for six months of rent in advance (the client leased a building and took ...

On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. Load more. New questions in Business. Information can sometimes be better presented using (1 point) O long gray or black blocks of text O small font charts or graphs Onone of …On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.The company has $12,000 in cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. …99% ( 577 rated) $9,000. 1 Calculate the amount of revenue earned from October 1 to December 31. Since the contract is year-long, the revenue earned as of December 31 is …In today’s digital age, freelance writing has become a popular way for individuals to earn a living while pursuing their passion for writing. Upwork is one of the largest online pl...

Study. Evaluate. Related Courses. Verified by Proprep Tutor. To determine the unearned revenue as of December 31, we need to calculate how much of the $12,000 balance has …1 Calculate the amount of revenue earned from October 1 to December 31. Since the contract is year-long, the revenue earned as of December 31 is (3/12) * 12,000 = 3,000. 2 Subtract the revenue earned from the total payment to find the unearned revenue. 12,000 - 3,000 = $9,000. Need improvement.

The unearned revenue as of December 31 will be $12,000 . Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet to rendered to their client. Inconclusion using the accrual method, the unearned revenue as of December 31 is $12,000.On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of December31? On July 1, a company receives an invoice for $800 with the terms 1/10, net 30.Notify the credit card companies in order to negotiate a payment plan. Study with Quizlet and memorize flashcards containing terms like Which financial product typically pays the highest rate of interest?, Troy has $50.00 a month transferred electronically from his checking account to his savings account. This is an example of:, When a person ...On october 1 a client pays 12000 – As “On October 1, a Client Pays $12,000” takes center stage, this opening passage beckons readers into a world crafted with meticulous care and authoritative knowledge. Prepare for a reading experience that is both absorbing and distinctly original as we delve into the intricate details of this financial …On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.If a company receives $12,000 from its sole stockholder to establish a corporation, the effect on the accounting equation would be: ... The owner invested $40,000 cash in the business in exchange for its common stock. 2.The company purchased office supplies for $3,000 by paying $2,000 cash and putting $1,000 on credit. 3.The company purchased ...On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of December31? A company sells 10,000 shares of previously authorized stock at the par value of $10 per share.Business. Accounting questions and answers. You own an insurance company. On December 1, 2015, the a client pays $12,000 to cover a building for the …

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On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction?

A landlord plans to take out a $12,000 loan to cover the cost of a new roof for a rental home. if the loan has a 5% annual interest rate compounded continuously and the landowner plans to pay off the loan in 16 months, what is the total amount owed? $12,999.44 $12,827.27 $21,600.00 $26,706.4912 Dec 2018 ... In this example, we will recognize $1,000 a month over a twelve month period. At the end of twelve months, we have recognized the full $12,000 ...Note that in this scenario, revenues and expenses should be recognized in the same period. So, By the use of accrual method, the unearned revenue as of December 31 1 is $ 12,000. See full question below. On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue ...On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of December31? A company sells 10,000 shares of previously authorized stock at the par value of $10 per share.On-demand pay is a popular company benefit offering for employees. Learn what on-demand pay is and how to implement it for your company. Human Resources | What is WRITTEN BY: Charl...Gross and net income are two ways to measure income that are quite different. Learn how to calculate both, and why they matter in budgeting and tax prep. For individuals, gross inc...In the world of business, first impressions matter. And when it comes to showcasing your company to potential clients, investors, or even employees, a well-crafted company profile ...On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. verified. Verified answer. A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction?Are you a freelance writer looking to attract more clients and build a successful career? Look no further than WriterBay. With its vast pool of clients and user-friendly interface,...On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.2 Nov 2022 ... ... ($12,000/$50,000 = 24% x tax paid to Idaho). ... Client Co pays for Consulting Corp's services directly. ... relative to Dealer Co's total receipts.Oct 11, 2023 · On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.

Step 1. On July 1, 2022, Crane Company pays $12,000 to Wildhorse Co.for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Wildhorse Co.. Wildhorse uses the accounts Unearned Service Revenue and Service Revenue.Cathy deposit $12,000 into the bank account that pays 6% interest compounded quarterly then The account balance be in the seven year is 18,207. ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.Unearned revenue is the amount received from a client for a service that has yet to be rendered. On October 1 , a client pays a company the full $ 12,000 balance of a yearlong contract. Using the accrual method, what's the unearned revenue as of December 31.6 days ago · Cash. $12,000. 1-15-2020. Unearned Revenue. $12,000. By posting the payment to the unearned revenue account, the revenue will not be recognized until the goods or services are provided. On January ... Instagram:https://instagram. ectatic aorta Accounting questions and answers. Answer the following 30 questions please. Q1. On November 1, Year One, a company is paid $12,000 in advance to do a job for a customer. The job has ten separate steps. The first four steps were completed in Year One and the remaining six steps were completed in Year Two. The accountant mistakenly believed …On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of December31? ogerpon nicknames On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of December31? On July 1, a company receives an invoice for $800 with the terms 1/10, net 30. On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of December31? $0 $1,000 $5,000 $9,000 $12,000 One website gives two answer $9,000 and $12,000, then i asked chatgpt, it even gives me another answer $0 Now i'm really confused..... please help chris rock tour 2023 On October 1, Organic Farming purchases wind turbines for $140,000. the turbines are expected to last six years, have a salvage value of $20,000, and be depreciated using the straight-line method. 1. Compute depreciation expense for the last three months of the first year. 2. Compute depreciation expense for the second year.The unearned revenue as of December 31 will be $ 12,000. Reason been that the amount that the client paid the company is for a year- long contract, hence the $ 12,000 represent a prepayment amount for the service the company is yet too rendered to their client. Thus, using the accrual method, the unearned revenue as of December 31 is $ 12,000. cody and satori Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year? A. $194,136 ... a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned …a.Pay employee salaries of $3,200 for the current month. b.Pay office rent for the current month, $4,400. c.Purchase office supplies on account for $2,500. d.Receive cash of $5,000 in advance from a customer who plans to have his house painted in the following month. e.None of the above. e. none of the above. patti labelle tour 2023 On December 1, the company paid $12,000 for 12 months of insurance coverage beginning on that date. The payment was recorded with a debit in that amount to the Insurance Expense account. Complete the necessary adjusting entry by selecting the account names and dollar amounts from the drop-down menus. Date Account Title Debit … bobby stroupe net worth View the full answer. ... Common Stock 100,000 1, October 2: Pioneer Advertising receives a $12,000 cash advance from R. Knox, a client, for advertising services that are expected to be completed by December 31. 2, October 4: Pioneer Advertising pays $6,000 for a one-year insurance policy that will expire next year on September 30. 3, October ... lidl east hanover nj 2 Nov 2022 ... ... ($12,000/$50,000 = 24% x tax paid to Idaho). ... Client Co pays for Consulting Corp's services directly. ... relative to Dealer Co's total receipts.She hires one helper at $12,000 per year, pays annual rent of $5,000 for her shop, and spends $20,000 per year on materials. ... a client pays a company the full ...Study with Quizlet and memorize flashcards containing terms like Gates Accounting Services (GAS), a sole proprietorship, entered into a new 18-month office space contract on September 15, Year 1, paying the full $36,000 rent contract to the real estate company on that day (lease expiration March 15, Year 3). Assuming that GAS reports on a calendar … vallozzi's restaurant greensburg pa 15601 Cathy deposit $12,000 into the bank account that pays 6% interest compounded quarterly then The account balance be in the seven year is 18,207. ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.If a company's gross salaries and wages are $12,000, and it withholds $1,800 for income taxes and $800 for FICA taxes, the journal entry to record the employees' pay should include a: Select one: A. credit to Salaries and Wages Payable for $12,000. ... On October 1, a client pays a company the full $12,000 balance of a year-long … slone honda 6 days ago · Cash. $12,000. 1-15-2020. Unearned Revenue. $12,000. By posting the payment to the unearned revenue account, the revenue will not be recognized until the goods or services are provided. On January ... southaven movie Use the percentage method of income tax calculation to complete the payroll roster (in $). Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. u12 blade and sorcery nomad mods Jan 27, 2024 · The $12,000-$3, 000=$9 000 would be an earned revenue on December 31 as it is the three-quarter of the nine months remaining until the completion of the contract. This balance of the unearned revenue signifies the residual prepaid amount that is still owed by the company with regards to the future goods or services due at a later date . A company pays $18,000 in interest on notes, consisting of $12,000 interest that was accrued during the last accounting period and $6,000 of interest that accumulated during the current accounting period but has not yet been accrued on the books. The journal entry for the interest payment should: