Mr. Braley hires Scott’s Landscaping on April 1^st to mow his property for the next five months, April to August.  Since Mr. Braley is a new customer, the company requests that Mr. Braley pay the full amount upfront $1,250, for all five months.  Scott’s Landscaping prepares annual adjusting entries at its fiscal year, August 31, 2014.

What is the journal entry for Scott’s Landscaping on August 31^st?

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Answer Journal Entry Date Particula... View the full answer