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The Jamesway Corporation had the following situations on December 2018 1. On December 20, 2018, Jamesway recelved a $4,300 payment from a customer for services
The Jamesway Corporation had the following situations on December 2018 1. On December 20, 2018, Jamesway recelved a $4,300 payment from a customer for services to be rendered early in 2019. Service revenue was credited 2. On December 1, 2018, the company paid a local radio station $2,600 for 40 radio ads that were to be aired, 20 per month throughout December and January. Prepaid advertising was debited 3. Employee salaries for the month of December totaling $19,000 will be paid on January 7, 2019 4, On August 31, 2018, Jamesway borrowed $70,000 from a local bank. A note was signed with principal and 9% interest to be paid on August 31, 2019 Prepare the necessary adjusting entries at its year-end of December 31, 2018. No adjusting entries were recorded during the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet On December 20, 2018, Jamesway received a $4,300 payment from a customer for services to be rendered early in 2019. Service revenue was credited Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal
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