A customer pays Whiteclaw $ 2 , 2 2 0 on October 3 1 , 2 0

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Question:

A customer pays Whiteclaw $

2, 220

on October

31, 2024,

for three months of personal training to begin November

1, 2024 .

Whiteclaw credits Deferred Revenue at the time of cash receipt.

Record the adjusting entry for deferred revenue at its year

-

end of December

31 .

Related Book For answer-question

Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Posted Date: Apr 23, 2024 03:12 AM

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A customer pays Whiteclaw $ 2 , 2 2 0 on October 3 1 , 2 0

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To record the adjusting entry for deferred revenue at the yearend of December 31 we need to account ... View the full answer

Financial Accounting

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