Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on oct. 1 an entertainer signed a contract for $10

On Oct. 1 an entertainer signed a contract for $100,000 to perform five (5) shows...

60.1K

Verified Solution

Question

Accounting

On Oct. 1 an entertainer signed a contract for $100,000 to perform five (5) shows over the next five (5) months and was paid in cash. Prepare the journal entry to record this financial event.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

There is an archaeological study area located in southwestern New Mexico. Potsherds are broken pieces of...

Statistics
Q

One of the intermediates in the synthesis of glycine from ammonia , carbondioxide and methane is...

Chemistry
Q

Vanillin is the compound containing carbon, hydrogen, and oxygen that gives vanilla beans their distinctive flavor....

Chemistry
Q

1 For a certain gas the ratio of specific heats is giver to be y...

Physics
Q

The table lists the cost in millions of dollars for a 30 second commercial for...

Statistics
Q

Determine whether or not the graph represents a function Be prepared to justify your answer...

Algebra
Q

Use the equation of the polynomial function f(x)=-3x-x to complete the following.(a) State the degree...

Algebra
Q

onnect AssignmentOn August 1,2022, Cross Fitness entered its second year of operations. Cross Fitness provides...

Accounting
Q

Record the adjusting entry for accrued salaries and wages at year-end that amounted to $800...

Accounting
Q

If you invest $14,000 today in a savings account that earns 5% interest, compounded annually,...

Accounting
Q

the assets of a company are $128526 and the liabilities are $88216. equity should equal:

Accounting
Q

Galvan Consulting, Inc. recently reported the following information: , Net income =$900,000 ...

Accounting