1 May 2022, Dress in Style received a $2000 advance payment from a customer for the...
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1 May 2022, Dress in Style received a $2000 advance payment from a customer for the design and making of a formal gown. The gown is expected to be completed by the end of August 2022. By 30 June 2022, approximately half of the dress is complete. The correct adjusting entry to be recorded at 30 June 2022 is: on A O a. DR Dress-making expenses $1000; CR Unearned income $1000 Ob. DR Unearned income $1000, CR Dress-making income $1000 Oc DR Income earned $1000; CR Dress-making income $1000 Od. DR Unearned income $1000; CR Bank $1000 1 May 2022, Dress in Style received a $2000 advance payment from a customer for the design and making of a formal gown. The gown is expected to be completed by the end of August 2022. By 30 June 2022, approximately half of the dress is complete. The correct adjusting entry to be recorded at 30 June 2022 is: on A O a. DR Dress-making expenses $1000; CR Unearned income $1000 Ob. DR Unearned income $1000, CR Dress-making income $1000 Oc DR Income earned $1000; CR Dress-making income $1000 Od. DR Unearned income $1000; CR Bank $1000
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May 2022received 2000 making gown in advance Payment by June it ... View the full answer
Related Book For
Basic Marketing Research
ISBN: 978-1133188544
8th edition
Authors: Tom J. Brown, Tracy A. Suter, Gilbert A. Churchill
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