I need help journalizing these two accruals and deferrals. Bruce Wayne Industries January 2022 transactions: Jan 1 prepaid bat mobile insurance $8000 Jan 5 received $16,000 compensation from saving Gotham City from the Mad Hatter Jan 17 services rendered and billed on account to U.S. Department of Defense $20,000,000 Jan 23 supplies expense on business account $500,000
I need help journalizing these two accruals and deferrals. Bruce Wayne Industries January 2022 transactions: Jan 1 prepaid bat mobile insurance $8000 Jan 5 received $16,000 compensation from saving Gotham City from the Mad Hatter Jan 17 services rendered and billed on account to U.S. Department of Defense $20,000,000 Jan 23 supplies expense on business account $500,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need help journalizing these two accruals and deferrals.
Bruce Wayne Industries January 2022 transactions:
Jan 1 prepaid bat mobile insurance $8000
Jan 5 received $16,000 compensation from saving Gotham City from the Mad Hatter
Jan 17 services rendered and billed on account to U.S. Department of Defense $20,000,000
Jan 23 supplies expense on business account $500,000
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