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Suppose your company sells services of $240 in exchange for $165 cash and $75 on account. Depreciation of $95 relating to equipment is also recorded.
| Suppose your company sells services of $240 in exchange for $165 cash and $75 on account. Depreciation of $95 relating to equipment is also recorded. |
- Record the service revenue of $165 for cash and $75 on account.
- Record the depreciation expense of $95.
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Financial Accounting Fundamentals
Authors: John J. Wild
5th edition
1308500102, 1308500106, 78025753, 978-0078025754
