amount of accounts receivable to be recorded

Q: XYZ Co. manufactures three types of remote-control devices: X, Y, and Z.T costing, has identified…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Sweet Corp. enters into a contract with a customer to build an apartment building for $1,037,600.…

A: Workings:        Completed by  Transaction price in $  Probability  Estimated…

Q: Daniel White signs a 1-year contract with Blossom Video. The terms of the contract are that Daniel…

A: Revenue is an important indicator of the way a company is performing. A company is able to generate…

Q: joseph becomes bankrupt before the due date of his acceptance and David rece dividend of 40 per cent…

A:

Q: etermine the transaction price for the contract, assuming Headland is only able to estimate

A:

Q: Marilyn Ho borrowed $24,000 from Stewart Financial Enterprises. She was required to make sixteen…

A: As per the given information:To determine:The price that Brady Investment Corporation paid Stewart…

Q: a. What is the present value of the lease option if money is worth 7.5% compounded semi-annually?…

A: An annuity is a series of equal cash flows discounted at an assumed discount rate over a fixed…

Q: Amy rented her apartment to Ben for $5,000 per month in January 2015. However, they both agreed to…

A: Ben pays a rent of 5,000 but entered into the agreement of $10,000 rent to claim deduction.

Q: Hidden Hills Company manufactures and sells electronic games. Each game costs $50 to produce, sells…

A: Product Warranty expense = Sales x % of estimated warranty = (6500 games x $90) x 7% = $40,950

Q: Fred currently earns $10,400 per month. Fred has been offered the chance to transfer for three to…

A: calculation of U.S gross income Will Fred report next year are as follows

Q: What amount of revenue should Bramble recognize in its first year?

A: Particulars Amount Non-refundable initiation fee $108 Annual membership fees for 3 years…

Q: Blossom Snow Removal Ltd. is a residential and commercial snow removal company Blossom signs…

A: The objective of the question is to prepare summary journal entries to record the transactions and…

Q: The Cable TV Co., an accrual basis taxpayer, allows its customers to pay by the month ($10 each…

A: Lets understand the basics. In accruals basis, revenue is recorded when earned and not when it is…

Q: Ms. Sarah Wong is provided with a car by her employer. It is leased by the employer for $728 per…

A:

Q: Portelli Services provides room-cleaning arrangements for hotels in Pennsylvania. On April 1, Silvia…

A: Accounts receivable are considered as an asset because It reflects the sum of money that consumers…

Q: SmaGlo, Inc., a telecommunications operator, entered into a contract with Kim Dorothy on March…

A: The entity recognizes revenue when it satisfies performance obligation by transferring promised…

Q: total bill ($) for the month

A: The total bill refers to the total amount incurred in a particular period generally in a month, in a…

Q: Salim has recently signed a contract with an online movie streaming service . The contract specifies…

A: The Calculation of Total Bill for the month of February is as follows: Monthly Subscription Fee…

Q: Adam received a low-interest loan of $25,000 from his employer on January 1st. The loan is to be…

A: Income tax payable is an obligation by the tax payer to the government on the taxable income. Income…

Q: HERE Inc, a telecommunications operator, entered into a contract with Mr. X on March 1, 20x7. In…

A: On March 1, 20x7, HERE Inc, a telecommunications operator entered into contract with Mr. X Mr. X…

Q: George and Peggy Fulwider bought a house from Sally Sinclair for $225,500. In lieu of a 10% down…

A: Loan is a value which is borrowed from other sources like banks and this amount is repaid later with…

Q: TopChop sells hairstyling franchises. TopChop receives $50,000 from a new franchisee for providing…

A:

Q: of cost. All other sales are to be made at 100% mark-up on cost. The activity of the joint…

A: Profit Sharing Ratio: It is the ratio in which the profits or losses of a business unit  are shared:

Q: a)Evaluate the case in your own word.

A: Leander is laible to pay extra cost (jason has incurred.) If contract availbale before december…

Q: Hot Tub Builders sells to three retail dealers under an agreement wherein each dealer pays monthly.…

A: The average daily receipt is the receipt that is the average of the receipt on daily basis which has…

Q: Marcella päid for a kitchen set over time, signing an installment contract that required monthly…

A: To calculate the value on the date of purchase, it is required to calculate the present value of all…

Q: Romano Services provides room cleaning arrangements for hotels in Ohio. On April 1, Silvia Hotels…

A: The objective of the question is to prepare the journal entry for Romano's revenue recognized in…

Q: Indigo Corp. enters into a contract with a customer to build an apartment building for $1,061,800.…

A: Transaction price refer to an expected value of payment that is paid to the contractor for…

Q: Britta has been accepted into a 2-year Medical Assistant program at a career school. She has been…

A: In the given question an unsubsidized 10-year federal loan is given to Britta for his 2-year Medical…

Q: Consider the following events for Henkle Decorating, Inc.: March 3 Henkle signs a contract to…

A: Under Accrual basis accounting, Henkle should record revenue for decorating services only when the…

Q: Šalim has recently signed a contract with an online movie streaming service. The contract specifies…

A: The subscription fee (monthly)= $10 First three VOD movies rate= $3 From fourth VOD movies ate= $2…

Q: Dr. John Holm signed a two-year employment agreement with Gateway Anesthesia Associates, PLLC.…

A: Please find the answer to the above question below:

Q: Gary Smith signs a 1-year contract with Cullumber Video. The terms of the contract are that Gary is…

A: Revenue recognition principle:The organization recognizes the revenue in the accounting period after…

Q: Campus Cellular provides cell phones and 1 year of cell service to students for an upfront,…

A: Given information is: Campus Cellular provides cell phones and 1 year of cell service to students…

Q: How many performance obligations does Jane have in this transaction? a. 1 b. 2 c. 3 d. 4

A: The correct option is b. 2 The performance obligation is the promise to deliver any good or provide…

Q: I need the answer as soon as possible

A: The journal entries show the all business transaction for preparing the final accounting position of…