Top Posters
Since Sunday
2
g
1
D
1
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
Beetles, Inc. recorded the following journal entry on March 2, 2016.

Cash   4,500   
       Unearned Revenue      4,500

From the journal entry above, identify the transaction on March 2, 2016.
A) Beetles sold goods for $4,500 cash.
B) Beetles received $4,500 for services to be performed in a later period.
C) Beetles purchased goods worth $4,500 and signed a one-year note for the same.
D) Beetles paid $4,500 for services to be received at a later date.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 276 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  907 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 681
  
 793
  
 825
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: Which is the best fuel for late night cramming?