Transaction: On April 1, the business, Count-On-Us Pty Ltd, received prepayment from a customer of $200 for registration to an online accounting conference event to be delivered in July. The cash receipt was recorded as a liability. Instructions: Record the transaction in the general journal by selecting the correct accounts that are debited and credited.
Transaction: On April 1, the business, Count-On-Us Pty Ltd, received prepayment from a customer of $200 for registration to an online accounting conference event to be delivered in July. The cash receipt was recorded as a liability. Instructions: Record the transaction in the general journal by selecting the correct accounts that are debited and credited.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transaction: On April 1, the business, Count-On-Us Pty Ltd, received prepayment from a customer of $200 for registration to an online accounting conference event to be delivered in July. The cash receipt was recorded as a liability.
Instructions: Record the transaction in the general journal by selecting the correct accounts that are debited and credited.
![General Journal
April 1. [ Select ]
$200
[ Select ]
$200
>
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d192b49-74d2-4abd-b32b-da2fce7850ab%2F5acd4b9b-0976-4b3a-9769-bd34e593569b%2Fcc2bj18_processed.png&w=3840&q=75)
Transcribed Image Text:General Journal
April 1. [ Select ]
$200
[ Select ]
$200
>
>
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