Balandios Building Company paid Cable Internet Enterprise $240 000 during the year 2018 for providing cable...

 

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Balandios Building Company paid Cable Internet Enterprise $240 000 during the year 2018 for providing cable and internet services. Cable Internet Enterprise charges $15 000 a month for providing these services. To record the accrual or prepayment by Balandios Building Company the journal entries would be O a. O b. Oc. Dr Cable Internet Services Expense $60 000 $60 000 Dr Cable Internet Services Expense $ 180 000 Dr Cable Internet Services Prepaid $60 000 $60 000 O d. Dr Income Statement $ 240 000 Cr Cable Internet Services Prepaid Cr Bank $180 000 Cr Cable Internet Services Expense Cr Bank $ 240 000 Balandios Building Company paid Cable Internet Enterprise $240 000 during the year 2018 for providing cable and internet services. Cable Internet Enterprise charges $15 000 a month for providing these services. To record the accrual or prepayment by Balandios Building Company the journal entries would be O a. O b. Oc. Dr Cable Internet Services Expense $60 000 $60 000 Dr Cable Internet Services Expense $ 180 000 Dr Cable Internet Services Prepaid $60 000 $60 000 O d. Dr Income Statement $ 240 000 Cr Cable Internet Services Prepaid Cr Bank $180 000 Cr Cable Internet Services Expense Cr Bank $ 240 000

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The question at hand involves recording the accrual or prepayment entry for services provided by Cable Internet Enterprise to Balandios Building Compa... View the full answer