Question

Required information [The following information applies to the questions displayed below Costanza Company experienced the fol
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Required journal entries are:

Date General Journal Debit Credit
July 1 Cash $3000
Unearned fees $3000
(for advance received from Vivian Solana)
Jul 6 Cash $7500
Unearned fees $7500
(for advance received from Iris Maru)
Jul 12 No entry required
Jul 18 Cash $8500
Unearned fees $8500
(for advance received from Amina Jordan)
Jul 27 No entry
Jul 31 Unearned fees $3000
Earned fees $3000
(for work completed and revenue recognized for Solana)
Jul 31 Unearned fees $7500
Earned fees $7500
(for work completed and revenue recognized for Maru)
Add a comment
Know the answer?
Add Answer to:
Required information [The following information applies to the questions displayed below Costanza Company experienced the following...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT