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Splish Splash Art is a centre that offers children s music and dance lessons. Splish Splash prepares annual financial statements and has a December 3
Splish Splash Art is a centre that offers childrens music and dance lessons. Splish Splash prepares annual financial statements and has a December yearend. On September Splish Spash Art collects $ cash for dance lessons running from September to December On October Splish Splash Art collects $ cash in advance from the Music Box Inc. $ per month to rent its performance stage for the full month of December and January On October Splish Splash Art collects $ cash for four months of music lessons for a local private school. The lessons run from October to January Required: For the above transactions, record the initial journal entry and the adjusting entry required on December aRecord cash received in advance for future dance lessons. bRecord annual adjusting entries for earned revenue received in advance.
Splish Splash Art is a centre that offers childrens music and dance lessons. Splish Splash prepares annual financial statements and has a December yearend.
On September Splish Spash Art collects $ cash for dance lessons running from September to December
On October Splish Splash Art collects $ cash in advance from the Music Box Inc. $ per month to rent its performance stage for the full month of December and January
On October Splish Splash Art collects $ cash for four months of music lessons for a local private school. The lessons run from October to January
Required:
For the above transactions, record the initial journal entry and the adjusting entry required on December
aRecord cash received in advance for future dance lessons.
bRecord annual adjusting entries for earned revenue received in advance.
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