Horngren's Accounting (12th Edition)

12th Edition

ISBN: 9780134486444

Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

Publisher: PEARSON

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Textbook Question

Chapter 4, Problem S4A.15SE

Journalizing reversing entries

Learning Objective 7 Appendix 4A

Ocean Breeze Associates accrued $8,500 of Service Revenue at December 31. Ocean Breeze Association received $14,500 on January 15, including the account revenue recorded on December 31.

Requirements

Record the adjustment entry to accrue Service Revenue.
Record the reversing entry.
Journalize the cash receipt.

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Chapter 4, Problem S4.14SE

Chapter 4, Problem E4.16E

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Chapter 4 Solutions

Horngren's Accounting (12th Edition)

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