Question
Mahogany Corp pays pest control group $300 on December 1st, 2020 to spray their tires with pesticides once a month, every month from December through
Mahogany Corp pays pest control group $300 on December 1st, 2020 to spray their tires with pesticides once a month, every month from December through February, What journal entry if any does pest Control Group need to make on December 31st, 2020 if they have sprayed Mahogany Corps trees one time?
Dr. Accounts Receivable $100 Cr. Revenue $100
Dr. Unearned Revenue $100 Revenue $100
No Entry Needed
Dr. Unearned Revenue $200 Cr. Revenue $200
Needed to check work with explanation, much appreciated for everything you do ahead.
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College Accounting Chapters 1-26
Authors: Douglas J. McQuaig, Patricia A. Bille
6th Edition
0395796997, 978-0395796993
