GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in advance. GreenLawnâs general journal entry to record this transaction will include a:
Multiple Choice
Debit to Unearned Revenue for $60,000.
Credit to Cash for $60,000.
Credit to Unearned Revenue for $60,000.
Debit to Accounts Receivable for $60,000.
Credit to Accounts Receivable for $60,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in advance. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Ivory will be giving a presentation for her company to a group of potential clients visiting from Germany, and she is deciding what to wear.
Answers (1)
The manager of the customer service division of a major consumer electronics company is interested in determining whether the customers who have purchased a videocassette recorder made by the company over the past 12 months are satisfied with their
Answers (1)
True Color Printers Inc. has purchased a sophisticated printing press for $1 million. Which of the following is most likely to be true about the printing press? a. It will be depreciated over its useful life. b.
Answers (1)
An airline ticket from Baltimore to Miami costs $425. A bus ticket is $125. Traveling by plane will take 5 hours, compared with 35 hours by bus. Thus, the plane costs $300 more but saves 30 hours of time.
Answers (1)
TJ's has a market value equal to its book value. Currently, the firm has excess cash of $218,500, other assets of $897,309, and equity of $547,200. The firm has 40,000 shares of stock outstanding and net income of $59,800.
Answers (1)
New Questions in Business
If it takes 40 hours to complete the first unit and the company knows from experience that the learning rate should be 0.80, how fast can they be expected to finish all twelve units? 289 hours 18 hours 264 hours 316 hours
Answers (1)
In year 1, Kris purchased a new home for $200,000 by making a down payment of $150,000 and financing the remaining $50,000 with a loan, secured by the residence, at 6 percent. As of January 1, year 4, the outstanding balance on the loan was $40,000.
Answers (1)
Which financial statement is prepared first?
Answers (2)
Ace Inc. is evaluating two mutually exclusive projects-Project A and Project B. The initial investment for each project is $50,000.
Answers (1)
How is solving the problem of organizing protistan diversity a model for understanding the process of science?
Answers (1)