Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 30th. Received a deposit of $800 for servicing a mid-afternoon get together on February 29th. The group wanted to reserve the date to do something special in her house as it only happens once every 4 years. Multiple Choice O Dr Cash $800 Cr Revenue $800 Dr Account Receivable $800 Cr Unearned Revenue None of the other alternatives are correct No journal entry

Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 30th. Received a deposit of $800 for servicing a mid-afternoon get together on February 29th. The group wanted to reserve the date to do something special in her house as it only happens once every 4 years. Multiple Choice O Dr Cash $800 Cr Revenue $800 Dr Account Receivable $800 Cr Unearned Revenue None of the other alternatives are correct No journal entry

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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