GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in advance. GreenLawnâs general journal entry to record this transaction will include a:
Multiple Choice
Debit to Unearned Revenue for $60,000.
Credit to Cash for $60,000.
Credit to Unearned Revenue for $60,000.
Debit to Accounts Receivable for $60,000.
Credit to Accounts Receivable for $60,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in advance. ...” 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
With double-entry accounting, each transaction requires: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box
Answers (1)
A store manager for Kroger noticed that several of his regular customers have stopped coming to his store.
Answers (2)
Luther Industries has outstanding tax loss carryforwards of $ 72 million from losses over the past four years. If Luther earns $15 million per year in pretax income from now on, in how many years will Luther first pay taxes?
Answers (1)
Will always improve market outcomes. b. reduces efficiency in the presence of externalities. c. may improve market outcomes in the presence of externalities. d. is necessary to control individual greed.
Answers (1)
You and your neighbor Diane have agreed to be partners in CreatePlace Site Design, a website design business for small businesses, clubs, and community agencies.
Answers (1)
New Questions in Business
The total amount of money the federal government owes to its creditors is the
Answers (1)
Determine the cost of the land, based on the following data. Land purchase price $90,000 Broker's commission 7,500 Payment for the demolition and removal of existing building 2,500 Cash received from the sale of materials salvaged from the
Answers (1)
A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event would include a: -loss of $1,080. -gain of $1,080. -credit to the Vehicles account for $3,090.
Answers (1)
Yolanda buys a house in the mountains for $450,000 which she uses as her personal vacation home. she builds an additional room on the house for $40,000.
Answers (1)
Fleet Foot Shoes has been successful at differentiating itself from competitors by claiming a premium price for its athletic footwear based on superior design and high-quality materials.
Answers (1)