subject
Business, 23.07.2019 04:30 1230bering

Horse country living publishes a monthly magazine for which a 12-month subscription costs $30. all subscriptions require payment of the full $30 in advance. on august 1, the balance in the subscriptions received in advance account was $40,500. during the month of august, the company sold 900 yearly subscriptions. after the adjusting entry at the end of august, the balance in the subscriptions received in advance account is $60,000.
required
1)identify and analyze the transaction to record the sale of the 900 yearly subscriptions during the month of august
2)identify and adjust the sale on august 31
3)assume that the accountant made the correct entry during august to record the sale of the 900 subscriptions but forgot to make the adjustments on august 31. would net income for august be overstated or understated? explain your answer

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 14:00
Match the terms with the appropriate definition. 1. unpaid work done for a person or an organization lifestyle budget 2. any task that is useful volunteer work 3. a state-required legal document giving employees younger than eighteen years old permission to work work 4. a good or service that is desirable but not necessary want 5. wage amount after deductions are withheld net wage 6. lists the costs of items you choose to spend your money on work permit 7. the people who are both able and willing to work
Answers: 2
question
Business, 21.06.2019 21:00
Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400
Answers: 2
question
Business, 22.06.2019 02:30
You have learned that there are many ethical concerns surrounding genetic research, and it's important to be familiar with them. for this project, you will write a persuasive essay about an ethical question in biotechnology. directions the goal of a persuasive essay is to convince people to agree with you. it is important to support your opinion with facts. a persuasive essay is not simply a description of your beliefs. be sure to organize your information, give clear examples, and build your argument carefully. read the following genetics topics below. choose a topic and then decide what side you are on. remember that there is no "right" or "wrong" side. ethical questions often have many points of view. research your topic and write a 400 word persuasive essay. topic 1: should insurance companies have the right to learn the genetic profiles of the people they insure? topic 2: should employers have the right to learn the genetic profiles of the people they hire? are there special considerations for employees in jobs in which there is a high risk to others, such as airline pilots, doctors, or bus drivers? topic 3: should scientists who identify genes and create new genetic engineering techniques have the right to patent their methods for their own profit?
Answers: 1
question
Business, 22.06.2019 17:30
What is the sequence of events that could lead to trade surplus
Answers: 3
You know the right answer?
Horse country living publishes a monthly magazine for which a 12-month subscription costs $30. all s...
Questions
question
Mathematics, 05.08.2019 00:30
Questions on the website: 13722360