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Question 9 2 pts On April 1. Kidsor Corporation received $360,000 as advanced payment for a 3-year service contract. The adjusting journal entry that Kidsor
Question 9 2 pts On April 1. Kidsor Corporation received $360,000 as advanced payment for a 3-year service contract. The adjusting journal entry that Kidsor would make on December 31% of the first year would include: Credit Uneamed Revenue for $90.000 Debit Canh for $30.000 o Credit Pevere for 530,000 Credit Revenge for $90,000 Question 10 2 pts Dynamic Corporation had a beginning supplies balance of $20,000. A physical inventory count at the end of the year identified $18,000 of Inventory on hand. WDynamic recorded inventory purchases $25.000 during the year, the adjusting journal entry at year end would include: Cred Supplies for $27.000 Credit Cash for $27.000 De Sol Experte for $25.000 Debit Supplies for $25.000
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