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Posted on Sep 30, 2024

On October 2 9 , 2 0 2 2 , Wuycik received $ 5 1 , 2 1 0 from a customer as payment in

On October

29, 2022,

Wuycik received $

51, 210

from a customer as payment in advance for goods to be delivered over the next

8

months. The company recorded the collection in advance into a liability account. As of December

31, 2022,

Wuycik has delivered $

9, 467

of the goods promised to the customer.

What is the journal entry for this omitted adjustment?

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