Question
On December 1, a company received $7,800 cash in advance for consulting work to be performed over the next four months. The company recorded
On December 1, a company received $7,800 cash in advance for consulting work to be performed over the next four months. The company recorded the cash receipt by debiting Cash and crediting Unearned Consulting Revenue. As of December 31, one-fourth of the computer consulting work had been Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
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