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  3. on july 1, the firm paid one year's advance rent o

On July 1, the firm paid one year's advance rent of $8,520 in cash (assume...

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Accounting

On July 1, the firm paid one year's advance rent of $8,520 in cash (assume lease qualifies as short-term).
On July 1,$945 cash was paid to the local newspaper for an advertisement to run daily for the months of July, August, and September. Ignore differences in number of days.
Supplies still available at July 31 total $1,650.
At July 31, refinishing services of $1,200 have been performed but not yet recorded or billed to customers. The firm uses the account Fees Receivable to reflect amounts due but not yet billed.
A customer paid $900 in advance for a refinishing project. At July 31, the project is one-half complete.
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