{"id":23699,"date":"2021-01-04T10:10:10","date_gmt":"2021-01-04T10:10:10","guid":{"rendered":"http:\/\/onlineclassesguru.com\/?p=23699"},"modified":"2021-01-04T10:10:10","modified_gmt":"2021-01-04T10:10:10","slug":"abc-hotel-group-a-customer-of-expedia-wants-to-run-an-online-advertising-campaign-for-75000-from-january-1-march-31-2020","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2021\/01\/04\/abc-hotel-group-a-customer-of-expedia-wants-to-run-an-online-advertising-campaign-for-75000-from-january-1-march-31-2020\/","title":{"rendered":"ABC Hotel Group, a customer of Exp\u00e9dia, wants to run an online advertising campaign for $75,000 from January 1 \u2013 March 31, 2020"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>Agency Revenue Questions<br \/>\nQuestion 1: ABC Hotel Group, a customer of Exp\u00e9dia, wants to run an online advertising campaign for $75,000 from January 1 \u2013 March 31, 2020. The customer requests one invoice for the full $75,000 when the campaign begins on January 1st. Expedia\u0092s policy is to recognize revenue in the period(s) advertising campaigns run in. In addition, the campaign runs evenly throughout the 3-month period. The customer pays the invoice on February 28th. Using the chart-of-accounts below, please create the journal entries listed below and show your calculations (you may use Excel, or please show calculations as applicable).<br \/>\nChart-of-Accounts<br \/>\n100000-Cash<br \/>\n105000 \u2013 Accounts Receivable 205000 \u2013 Accounts Payable 215000 \u2013 Deferred Revenue 415000 \u2013 Revenue 715000 \u2013 Advertising Expense<br \/>\n1. What is the journal entry(s) that occurs when the invoice gets issued to the customer in January?<br \/>\n2. What is the journal entry(s) in February?<br \/>\n3. What is the journal entry(s) in March?<br \/>\nQuestion 2: Media Solutions (MeSo) is the department at Exp\u00e9dia that manages online advertising contracts and campaigns with our customers. They have Account Managers who work with our advertising clients to design and implement advertising campaign. XYZ Airlines, an advertising customer of Exp\u00e9dia, e-mails MeSo and asks if they can run an online advertising campaign in January 2020, but really want the invoice and revenue to be recognized in December 2019 to meet their 2019 budget. MeSo forwards you that same e-mail, since you are the advertising subject matter expert and accountant, and asks you if \u0093this is something we can do to accommodate our customer?\u0094 Draft a response e-mail to MeSo to answer their question.<\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>Agency Revenue Questions Question 1: ABC Hotel Group, a customer of Exp\u00e9dia, wants to run an online advertising campaign for $75,000 from January 1 \u2013 March 31, 2020. The customer requests one invoice for the full $75,000 when the campaign begins on January 1st. Expedia\u0092s policy is to recognize revenue in the period(s) advertising campaigns&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23699","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ABC Hotel Group, a customer of Exp\u00e9dia, wants to run an online advertising campaign for $75,000 from January 1 \u2013 March 31, 2020 - onlineclassesguru<\/title>\n<meta name=\"description\" content=\"ABC Hotel Group, a customer of Exp\u00e9dia, wants to run an online advertising campaign for $75,000 from January 1 \u2013 March 31, 2020\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/04\/abc-hotel-group-a-customer-of-expedia-wants-to-run-an-online-advertising-campaign-for-75000-from-january-1-march-31-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABC Hotel Group, a customer of Exp\u00e9dia, wants to run an online advertising campaign for $75,000 from January 1 \u2013 March 31, 2020 - 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