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Kieso, Intermediate Accounting,11e FINANCIAL ACCOUNTING THEORY AND POL (RSM22 & Practice Gradebook ORION MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION | BACK Brief Exercise 13-24

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Kieso, Intermediate Accounting,11e FINANCIAL ACCOUNTING THEORY AND POL (RSM22 & Practice Gradebook ORION MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION | BACK Brief Exercise 13-24 Bridgeport Home Inc. offers its customers two furnace maintenance services. One service is for a one-time deaning and servicing of a home furnace at a cost of $120. Customers can earn a 5% discount from this price if they pay before R Oeport's caler dar scal year for martorance serocn: to be performed n the 1ng er The teor dae fred by Brdgeport is a three-year maintenance plan that sells for $300. The first years maintenance service for this three-year plan will be delivered before Bridgeport's fiscal year end. No discount for early payment is offered for the second plan. Prepare the summary journal entry for the cash sale of 500 one-time plans for the current year, 250 discounted one-time plans for the following year, and 350 three-year maintenance plans. (Credir account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) Account Titles and Explanation Debit Credit Determine the balance sheet classification of the unearned portion of the revenue colected Current portion Non-current portion 80 Question Attempts: 0 of 1 used SAVE FOR LATER

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