Management Services sells service plans for commercial computer maintenance. The price for each plan is $1,350 per year, paid in advance. On October 1, 2019, a service plan was sold to a new customer for cash, and the plan covers the period October 1, 2019 to September 30, 2020. Prepare the December 31, 2019 adjusting entry. Round to two decimal places. Omit explanation.

What will be an ideal response?


Business

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Dillon does not like Luke. No matter what Luke suggests at the weekly meeting, Dillon disagrees, even to the most simple or unimportant ideas. Dillon and Luke are experiencing ______.

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Business

Which of the following is NOT one of the four categories of tools and equipment used in materials handling systems?

a. storage and handling equipment b. engineered systems c. pricing and labeling systems d. industrial trucks

Business

Tritan Company is preparing its statement of cash flows using the indirect method

Refer to the following portion of the comparative balance sheet: Tritan Company Comparative Balance Sheet December 31, 2017 and 2016 2016 2015 Increase/(Decrease) Accounts Payable $7,000 $5,000 $2,000 Accrued Liabilities 3,500 1,100 2,400 Long-term Notes Payable 56,000 67,000 $(11,000 ) Total Liabilities $66,500 $73,100 $(6,600 ) Additional information provided by the company includes the following: 1. During 2016, the company repaid $35,000 of long-term notes payable. 2. During 2016, the company borrowed $24,000 on a new note payable. Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? A) $(11,000 ) B) $11,000 C) $59,000 D) $(59,000 )

Business

Gantt charts can be used to:

A) monitor the progress of jobs but cannot be used to sequence work on each machine. B) sequence work on each machine but cannot be used to monitor the progress of each job. C) monitor the progress of jobs and sequence work on each machine. D) monitor the average number of defective parts generated by a machine on each job.

Business