Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 19 1 & 2 1. crabb received $18,00

Question 19 1 & 2 1. Crabb received $18,000 from a...

70.2K

Verified Solution

Question

Accounting

Question 19 1 & 2

image

1. Crabb received $18,000 from a customer on November 1 related to services it would provide the customer over the next 6 months. $6,000 of services had been provided by December 31. Prepare the adjusting entry needed on December 31. NOTE: Enter dollar values with no dollar sign and appropriate commas (e.g. 5,000). Every box needs an answer. If there is no dollar value for the box, put a "0" in the space provided. If the t-account is not used, write "Blank" for the account title. 2. On June 1, Crabb paid $15,000 for insurance on its manufacturing buildings for the next 12 months. Prepare the adjusting entry needed on December 31. NOTE: Enter dollar values with no dollar sign and appropriate commas (e.g. 5,000). Every box needs an answer. If there is no dollar value for the box, put a "o" in the space provided. If the t-account is not used, write "Blank" for the account title

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