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Please i need adjustment journals entries Sales of product income recorded on sales receipt 1009 for $3,280.62 to Taylor Swift, were deemed unearned as of
Please i need adjustment journals entries
Sales of product income recorded on sales receipt 1009 for $3,280.62 to Taylor Swift, were deemed unearned as of 2/28/21. Use journal entry 16 to defer this revenue and reduce sales tax payable You'll need to review this sales receipt to determine amounts by account. 2/28/2021 Defer revenue 9 Training services recorded on invoice #1003 for $3,750 to Flyer Corporation were only partially performed even though invoiced. $2,000 of sales had not been earned, and thus were deferred in the prior month. Use journal entry 17 to reverse journal entry 7 recorded on 1/31/2021. Reverse 2/28/2021 deferral 9 Sales of product income recorded on sales receipt 1009 for $3,280.62 to Taylor Swift, were deemed unearned as of 2/28/21. Use journal entry 16 to defer this revenue and reduce sales tax payable You'll need to review this sales receipt to determine amounts by account. 2/28/2021 Defer revenue 9 Training services recorded on invoice #1003 for $3,750 to Flyer Corporation were only partially performed even though invoiced. $2,000 of sales had not been earned, and thus were deferred in the prior month. Use journal entry 17 to reverse journal entry 7 recorded on 1/31/2021. Reverse 2/28/2021 deferral 9Step by Step Solution
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