In December 2010, the company received $6,000 for services to be provided in early 2011. This payment
Question:
(1) The error was found in May 2011 after the 2010 books had been closed and
(2) The error was found in May 2012 after the 2011 books had been closed. Ignore income taxes.
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1 Retained Earnings 6000 Service Revenue 6000 2 No correcting entry is necessary Ho...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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