Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 45. brian hired tonys repair service to overhaul h

45. Brian hired Tonys Repair Service to overhaul his companys plumbing system. The repair began...

60.1K

Verified Solution

Question

Accounting

45. Brian hired Tonys Repair Service to overhaul his companys plumbing system. The repair began on September 15 and Tony intends to complete it on October 15. Brians company agreed to pay Tonys Repair $4,000 when the work is completed. As of September 30, the work was 50% complete. Provide the adjusting entry to accrue Brians repair expense at the end of September. 46. Continuing the previous problem, on October 15, Tonys Repair finally completed the work, and Brian paid his bill in full. Provide the journal entry for Brians payment to Tonys Repair (below).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Investment Bankers often become involved with the mergers and acquisitions of firms. So, why might a firm...

Finance
1.2K views

Both projects required rate of return is 10%. Year Project X Project Y 0 -100 -100...

Basic Math
1.2K views

Which is the focus and directrix of the parabola with equation (y + 2.5) =...

Calculus
1.2K views

Michelle got a new job through the McCartney Employment Agency The job pays 49 400...

Accounting
1.2K views

Break-Even Sales Currently, the unit selling price of a product is $125, the unit variable...

Accounting
1.2K views

What is the maximum percentage of the paid health insurance premium for which an elegible...

Accounting
1.2K views

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer...

Accounting
1.2K views

(CFick the icon to viow the activises) products ls ABC system has five activitier: (Criak...

Accounting
1.2K views

Cold Stone Bakery purchases land, building, and equipment for a sitigle purchase pice of $520.000....

Accounting
1.2K views

Problem 3: The following information is available for ABC Corporation for 2024(its first...

Accounting
1.2K views

help Portsmouth Company makes uphoistered furniture. Its only variable cost is direct...

Accounting
1.2K views

Operations of Traveler Company for the year produced an M/S ratio of 20% and a...