On November 1, 2014, Fastfoot Industries collected $12,000 from a customer for services to be provided in

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On November 1, 2014, Fastfoot Industries collected $12,000 from a customer for services to be provided in the future. On December 31, 2014, Fastfoot's year-end, it was determined that $3,000 of this amount remained unearned. Prepare the entries for November 1 and December 31.
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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