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help Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and has a December 31,
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Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and has a December 31, 2023, year-end a. On September 1. Splish Spash Art collects $16,800 cash for dance lessons running from September 1,2023 to December 31, 2023 b. On October 1, Splish Splash Art collects 56,200 cash in advance from the Music Box inc. (\$3,100 per month) to rent its performance stage for the full month of December 2023 and January 2024 c. On October 1, 2023, Splish Splash Aft collects $9.800 cash for four months of music lessons for a local private school. The lessons run from October 1, 2023 to January 31,2024. Required: For the above transactions, record the initial joumal entry and the adjusting entry required on December 34. 2023. Journal entry worksheet Record cash received in advance for future dance lessons. Note: Enter debts before credits. Journal entry worksheet Record annual adjusting entries for earned revenue received in advance. Notet Enter debits before credits. Journal entry worksheet Record the cash recenved for stage rental. Note: Enter debits before credits. Journal entry worksheet Record the eamed portion of revenue received in advance. Note: Enter debits before credits. Journal entry worksheet Record cash recehved in advance for future music lessons. Notes Eiter debis before credies. Journal entry worksheet Record the earned portion of revenue received in advance. Notei Enter debits before credits Step by Step Solution
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