On October 1, Year 1, Josh Smith, attorney, accepted a $10,800 cash advance from his client, James Company, for services to be performed over the next six months. Required a. Record the deferral and the related December 31, Year 1, adjustment for Josh Smith in an accounting equation. b. Record the deferral and the related December 31, Year 1, adjustment for James Company in an accounting equation. Complete this question by entering your answers in the tabs below. S Required A Required B Record the deferral and the related December 31, Year 1, adjustment for Josh Smith in an accounting equation. Note: Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Not all cells require entry. JOSH SMITH, ATTORNEY - Year 1 Assets = Event Cash = Liabilities Unearned Revenue + Stockholders' Equity Common + + Stock Retained Earnings Cash collected = + + Revenue earned = + + Required A Required B
On October 1, Year 1, Josh Smith, attorney, accepted a $10,800 cash advance from his client, James Company, for services to be performed over the next six months. Required a. Record the deferral and the related December 31, Year 1, adjustment for Josh Smith in an accounting equation. b. Record the deferral and the related December 31, Year 1, adjustment for James Company in an accounting equation. Complete this question by entering your answers in the tabs below. S Required A Required B Record the deferral and the related December 31, Year 1, adjustment for Josh Smith in an accounting equation. Note: Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Not all cells require entry. JOSH SMITH, ATTORNEY - Year 1 Assets = Event Cash = Liabilities Unearned Revenue + Stockholders' Equity Common + + Stock Retained Earnings Cash collected = + + Revenue earned = + + Required A Required B
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answr must be in table format or i will give down vote
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