Question
1. Record the Journal Entry for this transaction: Sold painting supplies to customers for $9250 cash. The cost of the inventory sold was $5100. 2.
1. Record the Journal Entry for this transaction:
Sold painting supplies to customers for $9250 cash. The cost of the inventory sold was $5100.
2. Record the adjusted journal entry for this transaction:
The prepaid rent expense on the balance sheet ($10,000) represents rent for two years for the rental period beginning on Jan 1, 2019. Record the rent that was consumed during 2019.
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Swanson On Internal Auditing Raising The Bar
Authors: IT Governance Publishing
1st Edition
1849280673, 978-1849280679
