Unearned payable
Web80 rows · Oct 14, 2024 · Accounts payable normal balance: Accounts payable is a liability on the right side of the accounting equation and is normally a credit balance. Accounts receivable normal balance: Accounts … WebUnearned Subscription Revenues Notes Payable The reports that employers are required to prepare to explain how they compute local, state and federal payroll taxes are called …
Unearned payable
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WebGoodwill $3,910 Common stock 6,020 Equipment 1,760 Accounts payable 140 Patents 200 Stock investments (long-term) 3,030 Accounts receivable 1,090 Prepaid rent 230 Debt investments (short-term) 1,150 Retained earnings 5,900 Cash 2,030 Notes payable (long-term) 710 Unearned sales revenue 380 Accumulated depreciation-equipment 250 Prepare …
WebDec 18, 2024 · Unearned revenue, sometimes referred to as deferred revenue, is payment received by a company from a customer for products or services that will be delivered at … WebJun 24, 2024 · Unearned revenue can also be defined as prepayment, customer deposits, advanced payment or deferred revenue. In contrast, earned revenue is money that is …
WebUnearned Revenue Warranty Payable Inventory Show transcribed image text Expert Answer 100% (1 rating) Solution Account … View the full answer Transcribed image text: Your company sells cars with a 3-year warranty. You sell one car on December 31 and expect to spend $900 in warranty repairs over the next three years. WebExplanation: These chart of accounts only shows the financial transactions and accounts used by the company, not the legal structure of the business. therefore we can determine whether ABC Company is a corporation, partnership, or sole proprietorship. View the full answer Step 2/3 Step 3/3 Final answer Previous question Next question
WebCommon current liabilities include accounts payable, unearned revenues, the current portion of a note payable, and taxes payable. Each of these liabilities is current because it results …
Web12 scheduled to be payable in substantially equal installments at equal 13 periodic intervals. 14 (3) On a loan subject to the alternative charges authorized by this ... 3 the unearned portion of the installment account ACQUISITION CHARGE AND 4 THE TOTAL MONTHLY INSTALLMENT handling charge shall be refunded to 5 the consumer. The unearned ... manzoni immobiliare napoliWeba) Unearned revenues refer to income reported on the income statement. b) Unearned revenues refer to cash received in advance of providing a service or product. c) Unearned … manzoni in edicolaWebUnearned revenue is the number of advance payments which the company has received for the goods or services which are still pending for the delivery and includes transactions … cromwell library catalogWebMar 28, 2024 · In accounting, unearned revenue is prepaid revenue. This is money paid to a business in advance, before it actually provides goods or services to a client. Unearned … cromwell lodge medical centre cheshuntWebOct 14, 2024 · The basic accounting equation can be stated as follows: Assets = Liabilities + Equity This can be developed into the expanded accounting equation as follows. Assets + Expenses + Dividends + Losses … manzoni industrial ltdaWebFeb 3, 2024 · Unearned income is money you receive from sources other than your job, such as rent or royalties. Unearned income includes dividends, interest, royalties and capital … manzoni impastato scuola palermoWebOct 21, 2024 · Unlike most other liabilities, unearned revenue or deferred revenue doesn’t involve direct borrowing. Your business has unearned revenue when a customer pays for goods or services in advance. Then, … cromwell logo