On 1/1/2022, the Company received a $300,000 cash payment in advance from a customer for...
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On the Company received a $ cash payment in advance from a customer for a year data and software subscription service. Revenue should be recognized evenly over the threeyear subscription period However, the previous controller recorded the following journal entry on in error: DR Cash CR Subscription Revenue What entry will the company record on its opening balance sheet on if any Select the correct account names and amounts in each row. If no JE is required, select No JE in each of the four boxes.
On the Company received a $ cash payment in advance from a customer for a year data and software subscription service. Revenue should be recognized evenly over the threeyear subscription period However, the previous controller recorded the following journal entry on in error:
DR Cash
CR Subscription Revenue
What entry will the company record on its opening balance sheet on if any Select the correct account names and amounts in each row. If no JE is required, select No JE in each of the four boxes.
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