Party' Warehouse Inc. rents a wide variety' of products (e.g., tables, chairs, tents) for special events. Upon rental, Party' Warehouse
1. Prepare the entries to record the receipt of the deposit and refund of the deposit at the end of the rental period.
2. Assume that the customer only returns 90% of the equipment on April 10. Prepare the entries to record the forfeiture of the deposit.
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Question Posted: October 05, 2015 05:18:13