please help with all 3 problems (1,2,7) ...
60.1K
Verified Solution
Question
Accounting
please help with all 3 problems (1,2,7)
Fot each of the following separate stuations, determine how much revenue is recognized in December (using accrual basis accounting). a. On December 7, Oklahoma City Thunder sold a $122 ticket to a basketball game to be played in March. b. Tesla sold and delivered a $90,000 car on December 25 . The customer will not pay until February c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of 542,000 due at the end of the contract. On December 31,75% of the servici 7 have been completed. Prepare Wilson Trucking Company's classified balance sheet as of December 31 . The Retained Eamings account balance was $145,500 at December 31 of the prior year. On December t, Year 1, a company paid an $18,900 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table. (1) Required intormation Required information [The following information applies to the questions displayed below] The following adjusted trial balance at December 31 of Wilson Trucking Company. Prepare Wilson Trucking Company's classified balance sheet at of December 31 . The Retained Earnings account balance was $145,500 at December 31 of the prior year





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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.