Assume that the $219,100 contract price was paid in advance on October 1, 2015. Prepare a journal entry to record the cash receipt. Don't worry about the cost of the items sold. Enter an appropriate description, and enter the date in the format dd/mmm (i.e., 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places.

Answer rating: 100% (QA)

Particulars Dr Cr 1Oct Cash 219100 Customer advances Unearned revenue ... View the full answer