Question: Question 3 : Gadget Co , rents a machine to a customer. The customer pays a $ 5 , 0 0 0 deposit that will
Question : Gadget Co rents a machine to a customer. The customer pays a $ deposit that will be returned when the machine is returned if the machine is still in working condition.
Make the following entries:
The initial receipt of the deposit:
Assuming the customer returns the machine and it still works:
Assuming, the customer breaks the machine:
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