Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on oct. 1 an entertainer signed a contract for $10

On Oct. 1 an entertainer signed a contract for $100,000 to perform five (5) shows...

60.1K

Verified Solution

Question

Accounting

On Oct. 1 an entertainer signed a contract for $100,000 to perform five (5) shows over the next five (5) months and was paid in cash. Prepare the journal entry to record this financial event.

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

Chemistry
1.2K views

compare column, thin-layer, and gas chromatography in terms of mobile phase and stationary phase

Mechanical Engineering
1.2K views

A spherical motile bacteria with a radius of 1.0 microns and a density approximately equal to...

Electrical Engineering
1.2K views

1.) A.) In a 5V system if you were asked to take one input HIGH and another...

Accounting
1.2K views

16. Owen Company's unadjusted book balance at June 30 is $14,440. The company's bank statement reveals...

Geometry
1.2K views

What are the ordered pairs of the solutions far this system of ecuations f x...

Geometry
1.2K views

Triangle DEF is translated 7 units right and 10 units up Find the length of...

Basic Math
1.2K views

Find the image of the given point under the given translation.. P(-5, 7) T(x, y)...

Accounting
1.2K views

Hi, I have a question. The paper say, " The video "Bigger than Enron" 's...

Accounting
1.2K views

Lonergan Company occasionally uses its accounts receivable to obtain immediate cash. At the end of...

Finance
1.2K views

Helena owns a complete portfolio containing risky portfolio (R) and a risk free asset of...

Finance
1.2K views

O POCHOPEWellnesses you need to edit story in die Electing tro D H M Beginning...

Finance
1.2K views

Determine the cost for the following preferred stock. Par Value $75.00 Sale Price: $74.25 Floatation...