John Grey owns Grey's Snow Plowing. In October, he collects $12,000 cash for 6 commercial accounts for which he will provide snow plowing for the next three months. John recorded the cash collection as an unearned revenue. To record the adjusting entry in November, when $4,000 has been earned:
o Debit Unearned Plowing Revenue
o Credit Plowing Revenue Earned
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “John Grey owns Grey's Snow Plowing. In October, he collects $12,000 cash for 6 commercial accounts for which he will provide snow plowing ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
E-Eyes just issued some new preferred stock. The issue will pay an annual dividend of $15 in perpetuity, beginning 20 years from now. If the market requires a return of 4.
Answers (1)
What are three typical reasons why companies develop their own information systems?
Answers (1)
Which of these is an essential element of a formal email? A) sender's website B) date line C) subject line D) sender's home address
Answers (1)
The five forces model suggests that firms should target the industry with the highest potential for above-average returns and then implement either a cost-leadership strategy or a differentiation strategy. True/False?
Answers (1)
Office Depot records supplies in the Supplies account when purchased. At the end of the month, the adjusting journal entry to record the use of supplies would include: a. An increase to supplies and an increase to expenses b.
Answers (1)
New Questions in Business
At an auction, Ben bids on a 1957 Chevy coupe, believing that it is worth more than the price asked. When the car proves to need more repairs than Ben estimated, and thus is worth less as is, Ben is:
Answers (1)
uppose that an MBA degree creates no extemality because the benefits of an MBA are internalized by the student in the form of higher wages. If there are no government subsidies for MBAs, then which of the following statements is correct? a.
Answers (1)
The result of market research are used to identify the for a product
Answers (1)
Which segment of the African American market identified by Yankelovich is middle age, female, has the lowest income, feels "Black slang" should be avoided, and strongly supports "Buying Black?"
Answers (1)
Jean is trying to gauge the popularity of a proposal to change the city's one-way street to two - way streets. She polls 650 randomly selected individuals from the area to determine if they are in favor of the project.
Answers (1)