On December 15, 2018, Peaceful Living Inc. received $200 cash from a customer in advance for...
On December 15, 2018, Peaceful Living Inc. received $200 cash from a customer in advance for two rounds of bug spraying services, which took place on December 31, 2018 and January 31, 2019.
a) Record the cash receipt transaction on December 15, 2018.
| Date | Account Title and Explanation | PR | Debit | Credit |
b) Record any necessary adjusting entries on December 31, 2018.
| Date | Account Title and Explanation | PR | Debit | Credit |
Homework Answers
| Dec15 | Cash | 200 | |
| Unearned service revenue | 200 | ||
| Dec 31 | Unearned service revenue | 100 | |
| service revenue | 100 | ||
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On December 15, 2018, Peaceful Living Inc. received $200 cash
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