Question
On January 1, a customer paid X Company $39,000 in advance for cleaning services. The cleaning was going to be done once in January, once
On January 1, a customer paid X Company $39,000 in advance for cleaning services. The cleaning was going to be done once in January, once in February, once in March, and once in April. At the time of the cash receipt, the $39,000 was recorded as Deferred Revenue. What will be the result of the adjusting entry on January 31?
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Auditing Markets Products And Marketing
Authors: David Parmerlee
1st Edition
0658001337, 978-0658001338
