On December 1, 2014, Great Hills Landscaping collected $ 4,500 in advance from customers for landscaping services.
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.
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Requirement 1 Date Accounts and Explanation Debit Credit Dec 1 Cash 4500 Service Revenue ...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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