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Journal entries for the following scenarios: 2/29/2020 Defer revenue Phone Consulting services recorded on invoice #1009 for $875 for...

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Accounting

Journal entries for the following scenarios:

2/29/2020Defer revenuePhone Consulting services recorded on invoice #1009 for $875for Rooney Enterprises were deemed unearned as of 2/28/2020. Usejournal entry 15 to defer this revenue.
2/29/2020Accrue depreciationDepreciation Expense of $1,700 ($850, $500, and $350 forBuilding, Furniture & Fixtures, and Machinery & Equipment,respectively). Use journal entry 17 to record thisdepreciation.
2/29/2020Accrue revenuePhone Consulting services of $3,500 were performed on 2/28/2020for a new customer, Rigel Works, but not invoiced or recorded intothe accounting records. Use journal entry 18 to accrue thisrevenue.

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Account Titles Debit Credit
Cash $                875
       Deferred Revenue $                 875
Deferred Revenue $                210
       Consulting Service Revenue $                 210
Depreciation Expense $             1,700
       Accumulated Depreciation - Building $                 850
       Accumulated Depreciation - Furniture $                 500
       Accumulated Depreciation - Machinery $                 350
Accounts Receivable $             3,500
       Consulting Service Revenue $              3,500

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