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XYZ Inc has hired a new junior Accountant and he has recording the following entries to record cash received for $10,000 on April 1st, 2021
XYZ Inc has hired a new junior Accountant and he has recording the following entries to record cash received for $10,000 on April 1st, 2021 for the work to be done in May 2021 | |||||||
| (4 marks) | |||||||
| Date | Account Titles | Debit | Credit | ||||
| Service Revenue | |||||||
| Cash | |||||||
| Review the entries and if adjustments are required, book the adjusting entries under 2 level reversal ebtry approach. | |||||||
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
