Which counts as revenue?
——————————————————————————————-
Acquired cash from stock issue $50,000
Rent paid for 2/1/2004 to 2/1/2005 6,000
Paid in advance for services over period 9/1/04 to 9/1/05 4,800
Performed services on account 65,200
Operating expenses 31,500
Accounts receivable collected 56,900
Paid cash for salaries 22,000
Paid accounts payable 28,000
Made adjusting entry for expired rent?
Recognized revenue for event 3?
Recorded accrued salaries$2,100
Favorite Answer
– Acquired cash from stock issue $50,000
– Accounts receivable collected 56,900
– Recognized revenue for event 3
the remaining ones are liabilities (they are expenses so the company is not gaining any revenue from them).
Accounts receivable collected 56,900
Recognized revenue for event 3?
everything else is expenses
- Academic Writing
- Accounting
- Anthropology
- Article
- Blog
- Business
- Career
- Case Study
- Critical Thinking
- Culture
- Dissertation
- Education
- Education Questions
- Essay Tips
- Essay Writing
- Finance
- Free Essay Samples
- Free Essay Templates
- Free Essay Topics
- Health
- History
- Human Resources
- Law
- Literature
- Management
- Marketing
- Nursing
- other
- Politics
- Problem Solving
- Psychology
- Report
- Research Paper
- Review Writing
- Social Issues
- Speech Writing
- Term Paper
- Thesis Writing
- Writing Styles