Question
During June, Bravo Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues.On that date, Bravo
During June, Bravo Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues.On that date, Bravo properly recognized Unearned Revenue.The adjusting entry to record on July 31 includes:
Question 7 options:
a credit to Revenue for $2,000
a credit to Unearned Revenue for $400
a debit to Unearned Revenue for $400
a debit to Cash for $2,000
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
