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Posted on Feb 15, 2024

On December 15, 2018, Peaceful Living Inc. received $200 cash from a customer in advance for two rounds of bug spraying services, which took place

On December 15, 2018, Peaceful Living Inc. received $200 cash from a customer in advance for two rounds of bug spraying services, which took place on December 31, 2018 and January 31, 2019.

a) Record the cash receipt transaction on December 15, 2018.

Date	Account Title and Explanation	PR	Debit	Credit

b) Record any necessary adjusting entries on December 31, 2018.

Date	Account Title and Explanation	PR	Debit	Credit

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