Question
on DEC 30 The business agreed to provide 6 weeks of training services to a customer for a fee of $4,770, or $795 per week.
on DEC 30 The business agreed to provide 6 weeks of training services to a customer for a fee of $4,770, or $795 per week. The customer agrees to pay the full $4,770 at the end of 6 weeks when services are complete. By December 31, 2 weeks of services have been provided, but the business has not yet billed the customer or recorded the 2 weeks of services
provided
Close revenue accounts. Hint: Prepare financial statements before recording closing entries.
Close Dividends account.
Close expense accounts. Hint: Prepare financial statements before recording
closing entries.
Close Income Summary account.
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