Admixture to 50 pounds of Bostik Tile-Mate. Mix to creamy consistency. Allow mixture to stand 15 minutes, and re-mix prior to application. Do not re-temper by adding more liquid. For installations over plywood, sheet vinyl/VCT, Ultra-Set Advanced, exterior applications, or when setting porcelain tile, Tile-Mate must be mixed with Tile-Mate
10 days before we perform the service, we charge the $800 (+tax) final payment to the customer. This needs to be posted as a liability (unearned income/revenue), not as revenue/income, because we haven't performed the service yet. We would also like to send the customer an updated estimate showing the $1,000 (+tax) cost, minus the $200 (+tax) deposit, minus the $800 (+tax) final payment, equals $0 outstanding.
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.