Question: I need help interpreting the following word problem. It is because I need to make the correct adjusting journal entry in a general journal. On

I need help interpreting the following word problem. It is because I need to make the correct adjusting journal entry in a general journal.

On 12/23/17, Peyton received $1,000 deposit from Pet Globe for product to be shipped by Peyton in the second week of January.

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