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Squeaky Shine provides car washing services in Jersey City, New Jersey. A three - month pass for automatic car wash sells for $ 6 0
Squeaky Shine provides car washing services in Jersey City, New Jersey. A threemonth pass for automatic car wash sells for $ which entitles the customer for an unlimited number of car washes during the contract period. Squeaky Shine estimates that pass holders wash their cars equally throughout the threemonth period. On December st customers purchased $ of the threemonth passes, with usage of the passes occurring evenly throughout the contract period. Required: Prepare the journal entries that Squeaky Shine would record on December and on December with respect to this transaction. State the account titles and amounts that will be included in Squeaky Shine's income statement and balance sheet. Complete this question by entering your answers in the tabs below. Required State the account titles and amounts that will be included in Squeaky Shine's income statement and balance sheet. tableAccount Titles,Amounts,tableIncome Statement andBalance Sheet
Squeaky Shine provides car washing services in Jersey City, New Jersey. A threemonth pass for automatic car wash sells for $ which entitles the customer for an unlimited number of car washes during the contract period. Squeaky Shine estimates that pass holders wash their cars equally throughout the threemonth period. On December st customers purchased $ of the threemonth passes, with usage of the passes occurring evenly throughout the contract period.
Required:
Prepare the journal entries that Squeaky Shine would record on December and on December with respect to this transaction.
State the account titles and amounts that will be included in Squeaky Shine's income statement and balance sheet.
Complete this question by entering your answers in the tabs below.
Required
State the account titles and amounts that will be included in Squeaky Shine's income statement and balance sheet.
tableAccount Titles,Amounts,tableIncome Statement andBalance Sheet
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