Record adjusting journal entries for each of the following for year ended December 31.Assume no...
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Accounting
Record adjusting journal entries for each of the following for year ended December 31.
Assume no other adjusting entries are made during the year.
Unearned Services Revenue. The company charges $155 per insect treatment. A customer paid $620 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer.
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You can see the logs in the Dashboard.