Knowledge Check 01 The unadjusted trial balance of Cary's Carpet Cleaning, Inc. reports $3,600 of Deferred Revenue, which represents the amounts that a major industrial customer had paid in advance for carpet cleaning during the months of April and May. By cleaning carpets during April, the company has fulfilled $2,000 of its obligation. Complete the necessary adjustment for the month of April. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the realization of deferred revenue due to fulfillment of obligation for cleaning carpets to the extent of $2.000. Note: Enter debits before credits. Event General Journal Debit Credit 1

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u. s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.