On July 3, a deposit in the amount of $ 5,000 was received for services to be performed. By the end of the month, services in the amount of $ 1,200 were performed. Prepare journal entries for the original receipt of the deposit and the adjusting entry on 31st July. 

Answer rating: 100% (QA)

Answer Date Transaction Debit Credit Jul03 Cash 5... View the full answer