Question
On February 1, Risa Inc. purchases a one year Amazon Prime membership for $120 Cash. Prepare the journal entry to record the February 1 transaction.
On February 1, Risa Inc. purchases a one year Amazon Prime membership for $120 Cash.
Prepare the journal entry to record the February 1 transaction.
DR: Expense, Cash, Prepaid Expense, or Accrued Expense (Amount: 120,10)
CR: Accrued Expense, Prepaid Expense, or cash (Amount: 120,10)
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