Shaw Company performed services in October for a specific customer, for a fee of $4,230. Payment was

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Shaw Company performed services in October for a specific customer, for a fee of $4,230. Payment was received the following November.

(a) Was the revenue earned in October or November?

(b) What accounts should be debited and credited in (1) October and (2) November?

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Accounting

ISBN: 9780324025422

20th Edition

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

Question Posted: Jun 27, 2024 02:17 AM

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Shaw Company performed services in October for a specific customer, for a fee of $4,230. Payment was

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Accounting

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