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a9. You own a consulting firm and provide advice to companies for a monthly fee. on Apr o 2018 ABC asked you to provide advice
a9. You own a consulting firm and provide advice to companies for a monthly fee. on Apr o 2018 ABC asked you to provide advice for each of the next 12 months starting immediately (April 16). You agree. Your fee is $500 per month. ABC will pay monthly starting on May 16th. You use the accrual accounting and prepare monthly financial statements for your firm. ABC makes their first payment of $500 on May 16h as agreed. Provide the May 16th journal entry for your firm. Date Journal Entry Dr Cr. Q10: Use the following information to answer questions 10a & 10b. Eliza employed a student (Gina) in her Caf during the summer. Gina worked 5 days a week Mon thru Friday and was paid for her week's work on the following Monday. Gina worked during the last week of July - when Tuesday fell on August 1". atoa. If Eliza adjusts the Caf books monthly and Gina earned $50 per day what adjusting entry should be made record the accrued salaries for July? Adjusting Entry Dr Cr Q10b. What journal entry should the Caf make when Gina is paid on Monday 7th August? (1 mark) Dr
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