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The date of the financial statement is 12/31. What is the adjusting journal on 12/31 for the following transaction: A total of $20,000 was received
The date of the financial statement is 12/31. What is the adjusting journal on 12/31 for the following transaction: A total of $20,000 was received on November 30 for 5 months work.
- A. A debit to Unearned Revenue $4,000
- B. A credit to revenue $5,000
- C. A debit to Revenue $4,000
- D. A credit to Unearned Revenue $4,000
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
24th Edition
1260158608, 9781260158601
