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J/E is required

J/E is required

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5. The company did not receive a utility bill for the month of Jan, 2020 in time to close their books. The previous two bills for Nov and Dec 2019 were $37,000 and $35,000, respectively. On Feb. 7, after the month of Jan was closed, they received the bill in the amount of $36,200 payable in 15 days. Provide the J/Es for Jan and February related to these transactions. 6. On Dec. 1, 2019, the company received a check for $8,000 representing rent for the next four months on a vacant building they owned. They booked it correctly. What J/E is required on Jan 31, 2020?
Transcribed Image Text:5. The company did not receive a utility bill for the month of Jan, 2020 in time to close their books. The previous two bills for Nov and Dec 2019 were $37,000 and $35,000, respectively. On Feb. 7, after the month of Jan was closed, they received the bill in the amount of $36,200 payable in 15 days. Provide the J/Es for Jan and February related to these transactions. 6. On Dec. 1, 2019, the company received a check for $8,000 representing rent for the next four months on a vacant building they owned. They booked it correctly. What J/E is required on Jan 31, 2020?
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