Question
Balandios Building Company paid Cable Internet Enterprise $240 000 during the year 2018 for providing cable and internet services. Cable Internet Enterprise charges $15
Balandios Building Company paid Cable Internet Enterprise $240 000 during the year 2018 for providing cable and internet services. Cable Internet Enterprise charges $15 000 a month for providing these services. To record the accrual or prepayment by Balandios Building Company the journal entries would be O a. O b. Oc. Dr Cable Internet Services Expense $60 000 $60 000 Dr Cable Internet Services Expense $ 180 000 Dr Cable Internet Services Prepaid $60 000 $60 000 O d. Dr Income Statement $ 240 000 Cr Cable Internet Services Prepaid Cr Bank $180 000 Cr Cable Internet Services Expense Cr Bank $ 240 000
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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