Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 305 Weeks Ago, 4 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 16 Aug 2017 My Price 5.00

Abril Company

Recognition

e1A. ConCept ▶ Which of the following events would be recognized and recorded in Abril Company’s accounting records on the date indicated?

Jan.   15      Abril  offers  to  purchase  a  tract  of  land  for  $280,000.  There  is  a high likelihood that the offer will be accepted.

Feb.      2     Abril receives notice that its rent will increase from $1,000 to $1,200 per month effective March 1.

Mar.  29     Abril receives its utility bill for the month of March. The bill is not due until April 9.

June  10      Abril places an order for new office equipment costing $42,000.

July       6     The office equipment Abril ordered on June 10 arrives. Payment is not due until August 1.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 10:08 PM My Price 5.00

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