On June 1, 2017, a cheque in the amount of $5,160 was issued for a two-year subscription

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On June 1, 2017, a cheque in the amount of $5,160 was issued for a two-year subscription to a trade publication starting on June 1, 2017. The amount was charged to Operating Expenses.

dr prepaid expense...

cr operating expense

how to record the number?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1119048534

11th Canadian edition Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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Posted Date: Feb 14, 2024 04:56 AM

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On June 1, 2017, a cheque in the amount of $5,160 was issued for a two-year subscription

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Intermediate Accounting

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