Chapter Two FORMULAS

0.0(0)
Studied by 0 people
call kaiCall Kai
Locked
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/5

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 2:08 AM on 9/8/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai
Chat

No analytics yet

Send a link to your students to track their progress

6 Terms

1
New cards

Supplies Expense (Back-In Method)

Beginning Supplies + Purchases - Ending Supplies

2
New cards

Deferral Adjustment (Monthly Expense)

Total Prepaid Amount / Total Months

3
New cards

Unearned Revenue Recognition

(Total Retainer / Total Contract Months) x Months Elapsed

4
New cards

Amount of Revenue Recognized

Monthly revenue rate x number of months elapsed.

5
New cards

Total Revenue of Year 1

Calculated by multiplying the monthly revenue rate by the number of months in the contract falling within Year 1.

6
New cards

Adjusting Entry

Cash / number of months (12?)