Century Transport Inc. of Atlanta provides in-town parcel delivery services in addition to a full range of
Question:
Century Transport Inc. of Atlanta provides in-town parcel delivery services in addition to a full range of passenger services. Century engaged in the following activities during the current year:
Required:
1. Prepare adjusting entries at December 31 for these four activities. If no entry is required, type "No entry required" and leave the amount boxes blank.
Century received $5,000 cash in advance from Rich's Department Store for an estimated 250 deliveries during December 2013 and January and February of 2014. The entire amount was recorded as unearned revenue when received. During December 2013, 110 deliveries were made for Rich's.
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Statistics The Art and Science of Learning from Data
ISBN: 978-0321755940
3rd edition
Authors: Alan Agresti, Christine A. Franklin