Review the following transactions: A. On November 5, Juniper receives advance cash payment from a customer for landscaping services in the amount of $4,200. Juniper had yet to provide landscaping services as of November 5. B. On December 11, Juniper provides all of the landscaping services to the customer from November 5. C. On December 14, Juniper receives advance payment from another customer for landscaping services in the amount of $4,600. Juniper has yet to provide landscaping services as of December 14. D. On January 19 of the following year, Juniper provides and recognizes 84 percent of landscaping services to the customer from December 14. Prepare any necessary journal entries for Juniper Landscaping Services. If an amount box does not require an entry, leave it blank. Nov. 5 Dec. 11

Review the following transactions: A. On November 5, Juniper receives advance cash payment from a customer for landscaping services in the amount of $4,200. Juniper had yet to provide landscaping services as of November 5. B. On December 11, Juniper provides all of the landscaping services to the customer from November 5. C. On December 14, Juniper receives advance payment from another customer for landscaping services in the amount of $4,600. Juniper has yet to provide landscaping services as of December 14. D. On January 19 of the following year, Juniper provides and recognizes 84 percent of landscaping services to the customer from December 14. Prepare any necessary journal entries for Juniper Landscaping Services. If an amount box does not require an entry, leave it blank. Nov. 5 Dec. 11

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 4PA: Review the following transactions, and prepare any necessary journal entries for Juniper Landscaping...

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Review the following transactions: A. On November 5, Juniper receives advance cash payment from a customer for landscaping services in the amount of $3,700. Juniper had yet to provide landscaping services as of November 5. B. On December 11, Juniper provides all of the landscaping services to the customer from November 5. C. On December 14, Juniper receives advance payment from another customer for landscaping services in the amount of $4,600. Juniper has yet to provide landscaping services as of December 14. D. On January 19 of the following year, Juniper provides and recognizes 81 percent of landscaping services to the customer from December 14. Prepare any necessary journal entries for Juniper Landscaping Services. If an amount box does not require an entry, leave it blank. Nov. 5 fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 Dec. 11 fill in the blank 8 fill in the blank 9 fill in the blank 11 fill in the blank 12 Dec. 14…
Make a journal entry of the following: A. On November 5, Juniper receives advance cash payment from a customer for landscaping services in the amount of $3,500. Juniper had yet to provide landscaping services as of November 5. B. On December 11, Juniper provides all of the landscaping services to the customer from November 5. C. On December 14, Juniper receives advance payment from another customer for landscaping services in the amount of $4,400. Juniper has yet to provide landscaping services as of December 14. D. On January 19 of the following year, Juniper provides and recognizes 80% of landscaping services to the customer from December 14.