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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
1-Apr-21 Service Revenue 10,000
Cash 10,000
Review the entries and if adjustments are required, book the adjusting entries under 2 level reversal ebtry approach.

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