ch he will provide snowplowing for the en ter which of the following entries? (Check Check all that apply. ing Revenue ue

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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John Grey owns Grey's Snow Plowing. In October, Grey's collects $12,000 cash for 6
commercial accounts for which he will provide snowplowing for the entire season. To record
this transaction, Grey will enter which of the following entries? (Check all that apply.)
Check all that apply.
Debit to Unearned Plowing Revenue
Debit to Plowing Revenue
Credit to Cash
Credit to Unearned Plowing Revenue
Debit to Cash
Credit to Plowing Revenue
O O O
Transcribed Image Text:John Grey owns Grey's Snow Plowing. In October, Grey's collects $12,000 cash for 6 commercial accounts for which he will provide snowplowing for the entire season. To record this transaction, Grey will enter which of the following entries? (Check all that apply.) Check all that apply. Debit to Unearned Plowing Revenue Debit to Plowing Revenue Credit to Cash Credit to Unearned Plowing Revenue Debit to Cash Credit to Plowing Revenue O O O
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