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Question 3 4 pts Recommended time: 8 minutes Required: a) Prepare the journal entry to record the sale of the 1000 Tour de Cycle packages.
Question 3 4 pts Recommended time: 8 minutes Required: a) Prepare the journal entry to record the sale of the 1000 Tour de Cycle packages. Assume all cash is received on 31 December 2019. Ignore tax. Include all workings. Journal narratives are not required. (2 marks) b) Prepare the journal entry at 31 December 2020 assuming 12 months of support services have been provided. Ignore tax. Include all workings. Journal narratives are not required. (2 marks) NOTE: In your answer it is advisable to build a table with headings. Below is a suggested form of presentation. Use the table tool above ( Table Tool.png ) to build the table and enter your answer into the table. Additional lines maybe required. Workings should be included above the table as a workings space cannot be inserted below the table. Workings: Date Particulars $ Debit $ Credit HTML Editores IX EX X, : Question 3 4 pts Recommended time: 8 minutes Required: a) Prepare the journal entry to record the sale of the 1000 Tour de Cycle packages. Assume all cash is received on 31 December 2019. Ignore tax. Include all workings. Journal narratives are not required. (2 marks) b) Prepare the journal entry at 31 December 2020 assuming 12 months of support services have been provided. Ignore tax. Include all workings. Journal narratives are not required. (2 marks) NOTE: In your answer it is advisable to build a table with headings. Below is a suggested form of presentation. Use the table tool above ( Table Tool.png ) to build the table and enter your answer into the table. Additional lines maybe required. Workings should be included above the table as a workings space cannot be inserted below the table. Workings: Date Particulars $ Debit $ Credit HTML Editores IX EX X
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