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Questions tagged 'Journal Entries'

3 questions

A
Anonymous

Jan 29, 2025

If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, the receipt of cash would be journalized

If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, how should the receipt of cash be recorded in the journal? Please choose the correct option from the followi...

A
Anonymous

Dec 30, 2024

Selected transactions for Sophie’s Dog Care are as follows during the month of March. 1 Paid monthly rent of $910. 3 Performed services

Selected transactions for Sophie's Dog Care during the month of March are as follows: Paid monthly rent of $910. Performed services for $110 on account. Performed services for cash, totaling $55. Pur...