Question
29. XYZ, Co. agreed to provide services to a customer for 4 months beginning 10/1/2018. XYZ will be paid $20,000 at the end of the
29. XYZ, Co. agreed to provide services to a customer for 4 months beginning 10/1/2018. XYZ will be paid $20,000 at the end of the contractual period. The companys fiscal year ends on 12/31. Provide the journal entries for the following dates, if any are required:
| Date | Accts | Dr. | Cr. |
| 10/1 |
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| Date | Accts | Dr. | Cr. |
| 12/31 |
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End of the contractual obligation:
| Date | Accts | Dr. | Cr. |
| ? |
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Auditing And Assurance Services An Integrated Approach
Authors: Arens, Elder, Beasley
9th Edition
0130646202, 9780130646200
