FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Which of the following events would be recognized and recorded in Trattoria Company’s accounting records on the date indicated?

Jan 15- Trattoria offers to purchase a tract of land for $140,000. There is a high like-lihood that the offer will be accepted.

Feb 2- Trattoria receives notice that its rent will increase from $500 to $600 per month effective March 1.

Mar 29- Trattoria receives its utility bill for the month of March. The bill is not due until April 9.

June 10- Trattoria places an order for new office equipment costing $21,000.

July 6- The office equipment Trattoria ordered on June 10 arrives. Payment is not due until August 1.

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