Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. "on october 1, 2012, abc company collected $10,000

"On October 1, 2012, ABC Company collected $10,000 for consulting services to be performed from...

50.1K

Verified Solution

Question

Accounting

"On October 1, 2012, ABC Company collected $10,000 for consulting services to be performed from October 1, 2012 to April 31, 2013. The Company credited the revenue account when paid."

What is the adjusting entry for this at december 31 2012?

Would you debit unearned consulting revenue and credit consulting revenue?

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

The reaction N2O(g) + O2(g) NO2(g) +NO(g) has ΔHº = -42.9 kJ and ΔSº = -26.1...

Electrical Engineering
1.2K views

CHAPTER 7 Problem 4  Programmable Logic Controllers Study the ladder logic program in Figure 7-41 and answer the questions...

Mechanical Engineering
1.2K views

Explain the term Oversteer and Understeer in measurable along understeer gradient and how weight distribution effect it. #subject...

Geometry
1.2K views

U W S X T R In the figure triangle UVW is similar to triangle...

Geometry
1.2K views

Consider the points A 2 4 B 1 1 C 3 3 P 2 2...

Basic Math
1.2K views

The warranty of merchantability guarantees that the party in question is a merchant product is...

Basic Math
1.2K views

Which of the following statements are true Select all that apply DA 9 2 if...

Calculus
1.2K views

Given that log 3 1 58 and log 5 2 32 evaluate each of the...

Calculus
1.2K views

or a certain electric circuit the current in A is given by i 4 31e...

Accounting
1.2K views

Dopotamurod tada milongan. The land ontMommion when We Will Murtham Corporate...

Accounting
1.2K views

During the current year, Stan sells a tract of land for $800,000. The property was...

Accounting
1.2K views

Assume you are the financial controller of a new established company. The CEO has asked...