Question: Journal entry for below transaction. Please explain why it is debited and credited. Question: It is October 2 nd , the second day of monthly

Journal entry for below transaction. Please explain why it is debited and credited. Question: It is October

2

,

the second day of monthly close for September. You have just received an invoice for SalesForce, the SaaS software package used by the sales team. The invoice is for $

15, 000 .

The invoice is dated September

30

,

for the subscription period September

1

st to November

30

.

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