Question
Questions 22 - 24: On July 1 st , Compass agreed to provide catering for a wedding totaling $5,000 in sales and collected a deposit
Questions 22 - 24: On July 1st, Compass agreed to provide catering for a wedding totaling $5,000 in sales and collected a deposit of $2,000. The wedding was held on November 1st. An invoice was sent to the customer for the remaining balance and the customer has until November 30th to submit payment. Compass receives the payment on November 25th.
What date should Compass use to record sales?
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
