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On April 01, 2016, ABC signed a $17122 consulting contract with XYZ The contract requires ABC to provide computer technology support services whenever requested
On April 01, 2016, ABC signed a $17122 consulting contract with XYZ The contract requires ABC to provide computer technology support services whenever requested over the period from April 01, 2016 to April 01, 2018, with XYZ paying the entire $17122 on April 01, 2016 Use the account titles on the spreadsheet account_titles.xlsx Prepare journal entries for ABC a. the journal entry on April 01, 2016 will be a DR to (account title) b. the journal entry on April 01, 2016 will be a CR to (account title) c. the amount of the DR and the CR on April 01, 2016 is d. the adjusting journal entry (based on months passed) on December 31, 2016 will be a DR to (account title) e. the adjusting journal entry on December 31, 2016 will be a CR to (account title) f. the amount of the DR and the CR on December 31, 2016 will be
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