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Prior to recording adjusting entries, revenues exceed expenses by $75,000. The adjusting entries for a customer deposit of $3,000 and depreciation expense of $7,000 were
Prior to recording adjusting entries, revenues exceed expenses by $75,000. The adjusting entries for a customer deposit of $3,000 and depreciation expense of $7,000 were made. Profit for the year would be: Select one: OA $78,000 . $71,000 . $68,000 O D. $75,000 O E. $65,000 Brandon Company sold season tickets for $700 on account. The journal entry would be to Select one: . debit Cash and credit Accounts receivable. debit Cash and credit Accounts payable. O C. debit accounts receivable $700 and credit season ticket sales revenue $700 O D. debit Cash and credit season ticket Sales revenue
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