mjacobson86
Feb 9, 2009, 10:08 AM
How would you put this entry?
Jim Bob Grocery Store paid Eric $1,800 in advance for six months of cleaning services to be performed monthly, at the end of every month. The monthly charge to Jim Bob Grocery is $300.
This is what I have, please let me know what you think.
Cash $1,800
Unearned Revenue $1,800
Jim Bob Grocery Store paid Eric $1,800 in advance for six months of cleaning services to be performed monthly, at the end of every month. The monthly charge to Jim Bob Grocery is $300.
This is what I have, please let me know what you think.
Cash $1,800
Unearned Revenue $1,800