Unearned Revenue: Original Entry The company provides security services to its clients. On April 1, the company
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Unearned Revenue: Original Entry The company provides security services to its clients. On April 1, the company received
$270,000 cash for a three-year security contract. The contract went into effect on April 1.
Make the journal entry necessary on the company’s books to record the receipt of the payment for the contract on April 1.
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Related Book For
Accounting Concepts And Applications
ISBN: 9780324376159
10th Edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
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