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The monetary value charged to customers for the performance of services sold is called a(n) O asset O capital net income O revenue F

The monetary value charged to customers for the performance of services sold is called a(n) O asset O capital net income O revenue F

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The monetary value charged to customers for the performance of services sold is called a(n) O asset O capital net income O revenue F
4 Part 2 of 2 ;) ! Required information 2. For Roland Company in Industry F, enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. Important! Be sure to click the correct Industry at the top of the dashboard. Industry F Account Title No. 101 Cash 106 Accounts receivable 126 Supplies 128 Prepaid insurance 210 Wages payable 236 301 404 Unearned revenue Common stock Revenue 623 Wages expense Insurance exper 637 652 Supplies expense Total $ $ Dr. Unadjusted Trial Balance 20,160 0 4,200 5,040 0 0 0 29,400 $ $ Cr. 0 8,400 21,000 0 $ 29,400 $ Dr. Adjustments 0 0 0 0 0 0 $ $ Cr. 0 0 0 0 > $ $ Check my work Dr. Adjusted Trial Balance 20,160 0 0 0 0 0 0 20,160 $ $ Cr. 0 0 0 0 0
Transcribed Image Text:4 Part 2 of 2 ;) ! Required information 2. For Roland Company in Industry F, enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. Important! Be sure to click the correct Industry at the top of the dashboard. Industry F Account Title No. 101 Cash 106 Accounts receivable 126 Supplies 128 Prepaid insurance 210 Wages payable 236 301 404 Unearned revenue Common stock Revenue 623 Wages expense Insurance exper 637 652 Supplies expense Total $ $ Dr. Unadjusted Trial Balance 20,160 0 4,200 5,040 0 0 0 29,400 $ $ Cr. 0 8,400 21,000 0 $ 29,400 $ Dr. Adjustments 0 0 0 0 0 0 $ $ Cr. 0 0 0 0 > $ $ Check my work Dr. Adjusted Trial Balance 20,160 0 0 0 0 0 0 20,160 $ $ Cr. 0 0 0 0 0
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