ACC 205 WEEK 2 ASSIGNMENT
Revenue and Expenses
1. Recognition of concepts. Ron Carroll operates a small company that books enter¬tainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) pre¬paid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
a. Amounts paid on June 30 for
0 sold
Other
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Other
University of Phoenix
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acc 205
13 Dec 2015