Fedora’s Vases experienced all of the following events during the month of September 2020. For each transaction, give the correct amount of revenue and expense to be recognized.  If nothing should be recognized, enter 0 for your answer. Purchased $6,400 of shipping bubble wrap on account. Revenue recognized: Expense recognized: Used half the bubble wrap purchased above. Revenue recognized:   Expense recognized:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Fedora’s Vases experienced all of the following events during the month of September 2020. For each transaction, give the correct amount of revenue and expense to be recognized.  If nothing should be recognized, enter 0 for your answer.

Purchased $6,400 of shipping bubble wrap on account.

Revenue recognized:

Expense recognized:

Used half the bubble wrap purchased above.

Revenue recognized:  

Expense recognized:

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