Question
On February 1, Risa Inc. purchases a one year Amazon Prime membership for $120 Cash. Prepare the adjusting journal entry Risa should record on February
On February 1, Risa Inc. purchases a one year Amazon Prime membership for $120 Cash.
Prepare the adjusting journal entry Risa should record on February 29 related to this transaction.
DR: Cash, Expense, Prepaid Expense, or Accrued Expense (Amount: 120,10)
CR: Cash, Expense, Prepaid Expense, or Accrued Expense (Amount: 120,10)
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Top Accounting And Auditing Issues For 2023
Authors: CCH Tax Law Editors
1st Edition
0808059335, 978-0808059332
