Question
On December 1, Oren Marketing Company received $2,700 from a customer for a 2-month marketing plan to be completed January 31 of the following year.
On December 1, Oren Marketing Company received $2,700 from a customer for a 2-month marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned revenue. The adjusting entry for the year ended December 31 would include:
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
