Rebecca Thompson started a small local law firm to provide various consulting services to clients....
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Rebecca Thompson started a small local law firm to provide various consulting services to clients. Her law firm experienced the following events in Year its first year of operation: Borrowed $ cash from a local bank to assist in startup operations. On May Year the firm collected $ cash for consulting services it agreed to provide during the coming year. On December Year the firm adjusted the accounts to reflect the amount of consulting service revenue recognized in Year
Rebecca Thompson started a small local law firm to provide various consulting services to clients. Her law firm experienced the following events in Year its first year of operation:
Borrowed $ cash from a local bank to assist in startup operations.
On May Year the firm collected $ cash for consulting services it agreed to provide during the coming year.
On December Year the firm adjusted the accounts to reflect the amount of consulting service revenue recognized in Year
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