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On December 1, Oren Marketing Company received $8,100 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 $8,100 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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Company Accounting
Authors: Ken Leo, John Hoggett, John Sweeting, Jennie Radford
8th Edition
0470819731, 978-0470819739
