can someone help me and let me know if this is correct please??
can someone help me and let me know if this is correct please??
A llo y A cco untin g A sso cia te W ork A ssig nm en t F or r e sp onse in a d van ce: A sk 1 : W e n eed y o ur h elp in p re parin g jo urn al e ntr ie s i n lin e w it h U S G AAP fo r th e fo llo w in g s ce nario . W hen p re parin g y o ur jo urn al e ntr ie s, w e’r e lo okin g fo r: 1 . R eve nue s ch edule ; s e ttin g o ut d efe rre d r e ve nue, r e ve nue r e co gniz e d, a nd c a sh a cco unts 2 . C om mis sio n e xp ense ; d efe rre d, a ccru e d, a nd e xp ense a cco unts S cen ario : A llo y h as th re e s a le s p eople : J ill, J a ck a nd J a m es ● J ill is a n E nte rp ris e T e am le ad w ho b oth s e lls to c u sto m ers a s w ell a s p ro vid e s m ento rs h ip a nd g uid ance to J a ck a nd J a m es. S he is p aid 8 % fo r a ll d eals s h e c lo se s p lu s 2 % fo r a ll d eals J a ck a nd J a m es c lo se . ● J a ck a nd J a m es a re B usin ess D eve lo pm ent E xe cu tiv e s w ho a re p aid 8 % fo r a ll d eals th ey c lo se . T o s im plif y th in gs, a ssu m e th at a ll s u bscrip tio n c o ntr a cts a re in vo ic e d a nd p aid o n th e c lo se d ate a nd th at c o m mis sio n p aym ents a re e arn ed a nd p aid a t th at tim e a s w ell. B elo w is a s u m mary o f th e d eals th at J ill, J a ck a nd J a m es h ave c lo se d in t h e s e co nd h alf o f 2 021. C ontr a ct C usto m er D eal O wner D eal A m ount C lo se D ate T e rm s ta rt T e rm E nd C -0 001 F in Te ch L LC J ill $ 120,0 00 0 7/0 1/2 021 0 7/0 1/2 021 6 /3 0/2 022 C -0 002 C ry p to C ats J a ck $ 60,0 00 0 8/0 1/2 021 0 8/0 1/2 021 0 7/3 1/2 022 C -0 003 H ig h V alu e C U J a m es $ 24,0 00 0 9/1 5/2 021 1 0/0 1/2 021 0 9/3 0/2 022 C -0 004 S to ck P ix J a ck $ 60,0 00 1 0/0 1/2 021 1 0/0 1/2 021 0 9/3 0/2 022 C -0 005 R ent- a -E V J a m es $ 36,0 00 1 0/1 5/2 021 1 1 /0 1/2 021 1 0/3 1/2 022 C -0 006 B ig B ank In c J ill $ 120,0 00 1 0/2 0/2 021 1 0/2 0/2 021 1 0/1 9/2 022 C -0 007 C ry p to C ats U pse ll J a ck $ 45,0 00 1 1 /0 1/2 021 1 1 /0 1/2 021 0 1/3 1/2 022 C -0 008 S m all b ankz J a m es $ 24,0 00 1 2/1 5/2 021 0 1/0 1/2 022 0 6/3 0/2 022 F in al d eliv era b le : P le ase s e nd a c o py o f th e jo urn al e ntr ie s a s w ell a s a ny s u pportin g d ocu m ents ,s p re adsh eets , o r o th er s cra tc h w ork . B ein g a ble t o s e e y o ur th ought p ro ce ss is a s im porta nt ( o r m ore s o ) th an th e fin is h ed p ro duct. T o t h in k t h ro ugh in a d van ce, f o r d is cu ssio n: A sk 2 : A llo y is c o nsid erin g d if f e re nt c o rp ora te c a rd s p end p ro gra m s fo r e m plo ye es a s th e c o m pany s ca le s. P le ase b e p re pare d t o d is cu ss 3 to p c o nsid era tio ns y o u h ave w hen r e vie w in g a nd a sse ssin g c o rp ora te c a rd p ro gra m s. W e a sk t h at y o u s p en d n o m ore t h an 2 .5 h ours o n t h is a ssig nm en t.
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