Meggie's Fitness Center received $800 from a customer in advance for a one-year membership in the fitness center. The entry that would be made to record the fee receipt is
A) Unearned Revenue 800Cash 800
B) Cash 800 Unearned Revenue 800
C) Unearned Revenue 800 Revenue 800
D) Revenue 800 Unearned Revenue 800
B
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One business transaction has a single-entry effect upon the accounting elements; two business transactions together have a dual-entry effect on accounting elements
Indicate whether the statement is true or false
Discuss the ways in which organizations use letters of recommendation
What will be an ideal response?
Ethical behavior refers to conducting yourself in the proper manner and treating others fairly.
Answer the following statement true (T) or false (F)
The formula to compute direct material quantity variance is to calculate the difference between
A) actual costs - standard costs B) standard costs - actual costs C) (actual quantity standard price) - standard costs D) actual costs - (standard price standard costs)