What amount for the liability unearned service revenue, Accounting Basics

What amount for the liability unearned service revenue

The TJ Company collects all service revenue in advance. The company showed a $12,500 liability on its Dec 31, 2011, balance sheet for unearned service revenue. During 2012, customers paid $50,000 for future services, and the income statement for the year ended Dec 31, 2012, reported service revenue of $52,700. What amount for the liability unearned service revenue will appear on the balance at Dec 31, 2012?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount for the liability unearned service revenue

Reference No:- TGS0712157

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Matrix accounting pays all salaried employee

Matrix Accounting pays all salaried employees biweekly. Overtime pay, is paid in the next biweekly period. Matrix accrues salary expense only at its Dec 31 year end. Information about salaries earned in Dec 2009.

Q : Consider two independent random variables

Consider two independent random variables Xsub1 and Xsub2 having the same Cauchy distribution f(x)=1/(pie(1+x^2)) for negative infinity <x < positive infinity.

Q : How much of jones fee will the taxpayer recover

Robert Jones has just rendered service for a taxpayer as an expert witness in a case heard by the U. S. Tax Court. The taxpayer is requesting reimbursement for Jones' fees and for those amounts paid to her attorney in presenting the case.

Q : Accelerating full speed from rest

(a) How far does the cab move while accelerating to full speed from rest? _____ m (b) How long does it take to make the nonstop 180 m run, starting and ending at rest? ______ s

Q : What amount for the liability unearned service revenue

The TJ Company collects all service revenue in advance. The company showed a $12,500 liability on its Dec 31, 2011, balance sheet for unearned service revenue.

Q : How much water is evaporated per ton of sludge sent to drier

If a sludge containing 70% water and 30% solids is passed through a drier, and the resulting product contains 25% water, how much water is evaporated per ton of sludge sent to the drier.

Q : What arguments are for requiring the publication

Proposed requirement for financial forecasts to be included in corporate annual reports and that the CPA attests to those forecasts.

Q : Explain an anticipated purchase of equipment

An anticipated purchase of equipment for $580,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and net cash flows:

Q : Problem based on diffraction grating

The human eye can readily detect wavelengths from about 400 nm to 700 nm. If white light illuminates a diffraction grating having 810lines/mm, over what range of angles does the visible m = 1 spectrum extend?

1960318

Questions
Asked

3,689

Active Tutors

1447057

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount for the liability unearned service revenue

Reference No:- TGS0712157

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Matrix accounting pays all salaried employee

Q : Consider two independent random variables

Q : How much of jones fee will the taxpayer recover

Q : Accelerating full speed from rest

Q : What amount for the liability unearned service revenue

Q : How much water is evaporated per ton of sludge sent to drier

Q : What arguments are for requiring the publication

Q : Explain an anticipated purchase of equipment

Q : Problem based on diffraction grating

How client is at risk at developing an infection

Which cause of amenorrhea should the nurse suspect most

Patient reported a scaly, circumscribed, erythematous lesion

Discuss potential diversity in group that you anticipate

Identify a specific health outcome or public health concern

What if auscultate crackles in the poster left lover lobe

Struggle with providing proper hygiene for the patients

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount for the liability unearned service revenue

Reference No:- TGS0712157

Recent Questions Asked Accounting Basics

Q : Matrix accounting pays all salaried employee

Q : Consider two independent random variables

Q : How much of jones fee will the taxpayer recover

Q : Accelerating full speed from rest

Q : What amount for the liability unearned service revenue

Q : How much water is evaporated per ton of sludge sent to drier

Q : What arguments are for requiring the publication

Q : Explain an anticipated purchase of equipment

Q : Problem based on diffraction grating

Asked Questions