April 5 prepared building plans for spangler construction company. sent spangler an invoice for $1,400 requesting payment within 30 days. (the appropriate revenue account is entitled drafting fees earned.) may 17 declared a cash dividend of $5,600. the dividend will not be paid until june 25. may 29 received a $2,200 bill from bob needham, cpa, for accounting services performed during may. payment is due by june 10. (the appropriate expense account is entitled professional expenses.) june 4 received full payment from spangler construction company for the invoice sent on april 5. june 10 paid bob needham, cpa, for the bill received on may 29. june 25 paid the cash dividend declared on may 17. a. prepare journal entries to record the transactions in the firm's accounting records

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

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?