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Problem 3-6BA Recording prepaid expenses and unearned revenues Tremor Co. had the following transactions in the last two months of its fiscal year ended May
Problem 3-6BA Recording prepaid expenses and unearned revenues Tremor Co. had the following transactions in the last two months of its fiscal year ended May 31 Apr. Paid $2,450 cash to an accounting firm for future consulting services. 1 Paid $3,600 cash for 12 months of insurance through March 31 of the next year 30 Received $8,500 cash for future services to be provided to a customer. P1 P4 May1 Paid $4,450 cash for future newspaper advertising. 23 Received $10,450 cash for future services to be provided to a customer. 31 Of the consulting services paid for on April 1, $2,000 worth has been performed
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