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You are responsible for preparing all of the journal entries for Regional Financial Services. You have correctly prepared the following entry for financial services provided
You are responsible for preparing all of the journal entries for Regional Financial Services. You have correctly prepared the following entry for financial services provided on December 15:
An entry for Dec. 15 shows a debit of 10,000 against cash, and credit of 10,000 against fees earned.
Your boss has asked you to change the date from December 15 to January 15 so that the businesss profit, and thus taxes, would be lower. Are you allowed to do this? What is your response to your boss? How should you handle this situation?
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