Question
On December 1, Simpson Marketing Company received $3,300 from a customer for a 2-month marketing plan to be completed January 31 of the following year.
On December 1, Simpson Marketing Company received $3,300 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:
| $8,340. |
| 0 |
| $1,390. |
| $4,170 |
| $16,680. |
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
10th Edition
0072316373, 978-0072316377
