Question
On October 1, 2016, Josh Smith, attorney, accepted an $10,800 cash advance from his client, James Company, for services to be performed over the next
| On October 1, 2016, Josh Smith, attorney, accepted an $10,800 cash advance from his client, James Company, for services to be performed over the next six months. |
| Required | |
| a. | Record the deferral and the related December 31, 2016, adjustment for Josh Smith in an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) |
| Event | Assets | = | Liabilities | + | Stockholder's Equity | Stickholder's Equity | |
| Cash | = | Unearned Revenue | + | Common Stock | + | Retained Earnings | |
| Cash Collected | |||||||
| Revenue Earned |
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How To Build A Cyber Resilient Organization Internal Audit And IT Audit
Authors: Dan Shoemaker, Anne Kohnke, Ken Sigler
1st Edition
1138558192, 978-1138558199
