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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 18
eCatalog Services Company performed services in October for a specific customer for a fee of $7,890. Payment was received the following November.
(a) Was the revenue earned in October or November
(b) What accounts should be debited and credited in (1) October and (2) November
(a) Was the revenue earned in October or November
(b) What accounts should be debited and credited in (1) October and (2) November
Explanation
Verified
Verified
In accrual accounting (used by most comp...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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