MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters
12th Edition
ISBN: 9780134490397
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 4, Problem S4A.15SE
Journalizing reversing entries
Learning Objective 7 Appendix 4A
Ocean Breeze Associates accrued $8,500 of Service Revenue at December 31. Ocean Breeze Association received $14,500 on January 15, including the account revenue recorded on December 31.
Requirements
- Record the
adjustment entry to accrue Service Revenue. - Record the reversing entry.
- Journalize the cash receipt.
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Chapter 4 Solutions
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters
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