On December 31, 2017, Beautiful Brows Salon received the business cell phone bill for December (Dec. 1
Question:
On December 31, 2017, Beautiful Brows Salon received the business cell phone bill for December (Dec. 1 to Dec. 31) usage of $2,000. It must be paid by January 15, 2018.
a) To prepare the 2017 annual financial statements, record the adjusting entry on December 31, 2017.
b) Record the payment of the cell phone bill on January 15, 2018.
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2017 a Dec 31 Cell Phone Expense 2000 Accounts ...View the full answer
Answered By
Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
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Related Book For 
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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