punithac
Jun 7, 2016, 05:12 PM
Can someone help me with accounting homework. Please
Prepayment of revenue (unearned revenue)
YY received window-cleaning fees of $600 on the 14th June 2013. Three window-cleaning jobs at $200 each were to be completed. At the end of the year 30 June 2013, one cleaning job had not yet been completed. Determine the effect of the above transaction on the accounts at 30 June 2013.
Prepayment of revenue (unearned revenue)
YY received window-cleaning fees of $600 on the 14th June 2013. Three window-cleaning jobs at $200 each were to be completed. At the end of the year 30 June 2013, one cleaning job had not yet been completed. Determine the effect of the above transaction on the accounts at 30 June 2013.