Question

On December 1, 2014, Great Hills Landscaping collected $ 4,500 in advance from customers for landscaping services. The service revenue will be earned monthly over the six- month period ending May 31, 2015.

Requirements
1. Journalize the entry on December 1 by using the alternative treatment of ­unearned revenues.
2. Record the December 31 adjusting entry.



$1.99
Sales0
Views60
Comments0
  • CreatedJanuary 16, 2015
  • Files Included
Post your question
5000