Question: 2 oints P Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and has a

 2 oints P Splish Splash Art is a centre that offers

2 oints P Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and has a December 31, 2020, year-end. a. On September 1, Splish Spash Art collects $21,200 cash for dance lessons running from September 1, 2020 to December 31, 2020 b. On October 1, Splish Splash Art collects $6,800 cash in advance from the Music Box Inc. ($3,400 per month) to rent its performance stage for the full month of December 2020 and January 2021 c. On October 1, 2020, Splish Splash Art collects $10.700 cash for four months of music lessons for a local private school. The lessons run from October 1, 2020 to January 31, 2021, Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2020 a. View transaction list Journal entry worksheet

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