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  • Jun 26, 2006, 03:58 PM
    Confused Student
    Last Journal Entry Question
    Did I do this right?

    Question:

    Accepted an advance in cash for artwork to be done for another agency, $1600

    My Journal Entry?

    Debit Cash $1600
    Credit Prepaid Artowrk $1600
  • Jun 26, 2006, 08:20 PM
    CaptainForest
    Quote:
    Originally Posted by Confused Student
    Question:

    Accepted an advance in cash for artwork to be done for another agency, $1600.
    Dr. Cash 1,600
    Cr. Unearned Revenue 1,600

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