s all of the lar s advance pay

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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PA4. 12.2 Review the following transactions, and prepare any necessary journal entries for Juniper
Landscaping Services.
A. On November 5, Juniper receives advance cash payment from a customer for landscaping services in
the amount of $3,500. Juniper had yet to provide landscaping services as of November 5.
B. On December 11, Juniper provides all of the landscaping services to the customer from November 5.
C. On December 14, Juniper receives advance payment from another customer for landscaping services
in the amount of $4,400. Juniper has yet to provide landscaping services as of December 14.
D. On January 19 of the following year, Juniper provides and recognizes 80% of landscaping services to
the customer from December 14.
Transcribed Image Text:PA4. 12.2 Review the following transactions, and prepare any necessary journal entries for Juniper Landscaping Services. A. On November 5, Juniper receives advance cash payment from a customer for landscaping services in the amount of $3,500. Juniper had yet to provide landscaping services as of November 5. B. On December 11, Juniper provides all of the landscaping services to the customer from November 5. C. On December 14, Juniper receives advance payment from another customer for landscaping services in the amount of $4,400. Juniper has yet to provide landscaping services as of December 14. D. On January 19 of the following year, Juniper provides and recognizes 80% of landscaping services to the customer from December 14.
GENERAL JOURNAL
PAGE
POST.
DATE
DESCRIPTION
REF.
DEBIT
CREDIT
1
20--
2 Nov
2.
3
3
4
4
5
5
6
Dec
11
6.
7
7
8
9
10
10
11
14
11
12
12
13
13
14
14
15
15
16
Jan
19
16
17
17
18
18
19
19
Transcribed Image Text:GENERAL JOURNAL PAGE POST. DATE DESCRIPTION REF. DEBIT CREDIT 1 20-- 2 Nov 2. 3 3 4 4 5 5 6 Dec 11 6. 7 7 8 9 10 10 11 14 11 12 12 13 13 14 14 15 15 16 Jan 19 16 17 17 18 18 19 19
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