1. Review the following transactions, and prepare any necessary journal entries for Juniper Landscaping Services.
2. On November 5, Juniper receives advance cash payment from a customer for landscaping services in the amount of $3,500. Juniper had yet to provide landscaping services as of November 5.
3. On December 11, Juniper provides all of the landscaping services to the customer from November 5.
4. On December 14, Juniper receives advance payment from another customer for landscaping services in the amount of $4,400. Juniper has yet to provide landscaping services as of December 14.
5. On January 19 of the following year, Juniper provides and recognizes 80% of landscaping services to the customer from December 14.

Solution

Nov. 5		3,500
			3,500
	To recognize advance payment from customer

Dec. 11		3,500
			3,500
	To recognize landscaping revenue earned from Nov. 5

Dec. 14	Cash
	Unearned Landscaping Revenue
	To recognize advance payment from customer

Jan. 19	Unearned Landscaping Revenue
	Landscaping Revenue
	To recognize landscaping revenue earned from Dec. 14