On June 1, one company collected total subscriptions of $22,800 in which they promise to deliver of their products to his customers. They would earn the sales revenue equally for each month. As of December 31, what would be the balance of Unearned Revenue for one company?

At the end of April, Hernandez Company had a balance of $35,070 in the vacation benefits payable account. During May, employees earned an additional $2,730 in vacation benefits, but some employees used vacation days that amounted to $1,920 of the vacation benefits. The $1,920 was charged to Wages Expense when it was paid in May. What adjusting entry would Hernandez Company make at the end of May to bring the vacation benefits payable account up to date?   If an amount box does not require an entry, leave it blank. Account Debit Credit Vacation Benefits Expense             Vacation Benefits Payable        Feedback   Additional Vacation benefits earned less benefits paid; balance should be debited to Vacation Benefits Expense and credited to Vacation Benefits Payable.

Minarski sells computers and provides hardware maintenance services. On April 1st, Minarski sold a computer and a one-year unlimited maintenance as a bundle for $1,000. If sold separately, the computer costs $840 and the one- year unlimited maintenance service costs $360. How much revenue does Minarski Electronics recognize in April, assuming that revenue is accrued monthly? Please type your answer without the dollar symbol $800 should be typed as 800 $700.925 should be typed as 700.9 (retains one digit) $1,200 should be typed as 1,200

The following information is taken from the accrual accounting records of Kroger Sales Company:a. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next2 months (February andMarch). The supplies will be used evenly over the next 2 months.b. Kroger pays its employees at the end of each month for salaries earned during that month.Salaries paid at the end of February and March amounted to $4,925 and $5,100, respectively.c. Kroger placed an advertisement in the local newspaper during March at a cost of $850. Thead promoted the pre-spring sale during the last week in March. Kroger did not pay for thenewspaper ad until mid-April.Required:1. Under cash-basis accounting, how much expense shouldKroger report for February andMarch?2. Under accrual-basis accounting, how much expense should Kroger report for February andMarch?3. CONCEPTUAL CONNECTION Which basis of accounting provides the most useful informationfor decision-makers? Why?

In December, Northern Kiteboarding magazine collected $80,000 for subscriptions for the next calendar year. The company collects cash in advance and then downloads the magazines to subscribers each month Apply the recognition criteria for revenues to determine (a) when the company should record revenue for this situation and (b) the amount of revenue the company should record for the January through March downloads a Northern Kiteboarding should record revenue after b. The amount of revenue equals nof when

Duke Company pays its outside salespersons fixed monthly salaries and commissions based on net sales. Sales commissions are computed and paid on a monthly basis (in the month following the month of sale) and the fixed salaries are treated as advances against commissions. However, if the fixed salaries for salespersons exceed their sales commissions earned for a month, such excess is not charged back to them. Pertinent data for the month of March 2020 for the three salespersons are as follows:   Fixed salaries Net sales Commissions rate Marissa 100,000    900,000 10% Emma 150,000 2,500,000 10% Jocelyn 250,000 4,000,000 15% What should Duke Company accrue for sales commissions at March 31, 2020? 450,000 940,000 440,000 500,000

On March 15, a customer pays $3,133 for ten 4-day passes to Disney World for avacation that will take place June 1–4. Did Disney earn the revenue on March 15?

Consider the following situations for Shocker:    a. On November 28, 2018, Shocker receives a $4,350 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited.b. On December 1, 2018, the company pays a local radio station $2,670 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited.c. Employee salaries for the month of December totaling $7,900 will be paid on January 7, 2016.d. On August 31, 2018, Shocker borrows $69,000 from a local bank. A note is signed with principal and 8% interest to be paid on August 31, 2019.   Required: Indicate by how much the assets, liabilities, and stockholders' equity in the December 31, 2018, balance sheet is higher or lower if the adjustment is not recorded. (If none of the categories apply for a particular item, leave the cell blank.)

Erin's Hair Styling files GST returns quarterly. During the first quarter of the year, Erin billed customers for a total of $12,500 and then added the GST. In the same period, Erin paid $2500 to suppliers and $6000 for rent, plus the GST on these goods and services. What GST must Erin remit to the Canada Revenue Agency for the last quarter? O $200 O $625 O $385 O $425