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1) What is the journal entry a company records for receiving $4,300 cash in advance for services which will be performed and completed next tcoit

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1) What is the journal entry a company records for receiving $4,300 cash in advance for services which will be performed and completed next tcoit month? DebitCredit Impact to the equation: AssetsLiabilities + Stockholders' equity 2) What is the journal entry a company records when purchasing $2,850 of Supplies with a promise to pay in the future (sometimes called "purchased on account")? Impact to the equation: AssetsLiabilties +Stockholders' equity

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