Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your company is accruing $5,000 of consulting expe

Your company is accruing $5,000 of consulting expenses each month for 6-months for services received...

80.2K

Verified Solution

Question

Accounting

Your company is accruing $5,000 of consulting expenses each month for 6-months for services received but not yet paid to the consultant. The consultant (vendor) eventually bills your company for the 6-month period for $33,000. What would be the journal entries posted for all this activity?

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

The new candy Green Globules is being test-marketed in an area of upstate New York. The...

Statistics
Q

Describe in detail the monosynaptic myotactic reflex arc AND the reverse myotactic response. Include all of...

Medical Sciences
Q

Why is an elastic aorta important for the velocity in capillaries ?

Medical Sciences
Q

Calculate the pH of a solution that contains .03 g of NaH2PO4*H2O and .01 g of...

Chemistry
Q

Answer the following by putting ( T ) if the statement is true and ( F...

Medical Sciences
Q

1.  A type of section wherein the section view is probably located out of projection with the...

Mechanical Engineering
Q

38) Trent Corp. issued $800,000 of 8%, 5-year bonds at 102 on January 1, 2017. The...

Accounting
Q

Required information [The following information applies to the questions displayed below.] During the current year, Ron and Anne...

Accounting
Q

A particle is projected vertically upwards such th it attains a height of h after...

Physics
Q

Find an orthogonal matrix A where the first row is a multiple of 1 2...

Algebra
Q

Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative...

Accounting
Q

8-35. A company requires a 26% internal tm (before taxes) in U.S. dollars on project...

Finance