On October 1, 2016, Josh Smith, attorney, accepted an $10,800 cash advance from his client, James Company,
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Required
a. Record the deferral and the related December 31, 2016, adjustment for Josh Smith in an accounting equation.
b. Record the deferral and the related December 31, 2016, adjustment for James Company in an accounting equation.
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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