Bright Spark Trading has the following transactions in the last month of its year ending 3 1
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Question:
Bright Spark Trading has the following transactions in the last month of its year ending
December
Dec Collected in December $ for service revenue earned and
$ from customers owing.
Dec Received a utility bill of $ for the month of December The
bill will be paid next month.
Dec $ of the prepaid insurance paid in September has expired.
Dec Received $ cash for future services to be provided to a customer.
Dec Overtime salaries of $ for the last days of the month will be paid
in January
Analyse the above and record all necessary entries. Narrations and dates are not
required.
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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