Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer items 1-8 on the seantron form. match each

Answer items 1-8 on the Seantron form. Match each account or deseription on the left...

80.2K

Verified Solution

Question

Accounting

image
Answer items 1-8 on the Seantron form. Match each account or deseription on the left (1-8) with the appropriate classification (ac) on the right. (1 point each) 1. Uneamed subseription revenue 2. Fee paid on a credit card sale 3. Credit card receivables. 4. Interest payable 5. Allowance for doubtful accounts 6. Sales discounts for early payment of accounts receivable 7. Researeh and development expenditures 8. Prepaid rent a. Asset b. 1. iability c. Expense d. Contra-revenue o. Contra-asset Answer items 9 - 13 on the Scantron form. For each action on the left, indicate the effect on Net Income. Analyze each action independently of the others. (2 points each) 9. A company sells products to customers on account a. Increase 10. A company deelares dividends on common stock b. Decrease 11. A company sells services for cash 12. A company records interest expense that will be paid in cash later c. No effect 13. A company makes an adjusting entry for a previously purchased insurance policy. Answer questions 1434 on the Seantron form. Choose one answer per question. (2 points each)

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