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NEW QUESTION: 1
The following statement is correct () (multiple choice)
A. AP8X82 series supports IP68
B. AP8082DN supports dual 5G
C. AP7060DN supports IOT extension
Answer: A,B,C
NEW QUESTION: 2
Sparten, Inc., a plumbing contractor, received a check for $3,000 on June 30 for services to be performed in the following fiscal month. During the July accounting period, Sparten completed all but $500 of the job.
What adjusting entry needs to be made at the end of July?
A. increase Cash and Revenue for $3,000
B. decrease Accounts Receivable and increase Revenue for $2,500
C. increase Unearned Revenue and decrease Cash for $500
D. debit Unearned Revenue and credit Revenue for $2,500
Answer: D
Explanation:
Explanation/Reference:
Explanation:
When the check was received on June 30, a liability was established for $3,000 because revenue could not be recognized until it was earned. During July, $2,500 of revenue was earned and should be recognized, along with a reduction (debit) to the Unearned Revenue account.
NEW QUESTION: 3
A. Option B
B. Option C
C. Option A
D. Option D
Answer: D
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