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How shoud I record the following information:


( December 31 )

Of the $37,000 balance in Unearned Revenue, $5,000 remains unearned.

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A company is just finishing its second year of operations and at October 31, 2005 shows an unadjusted trial balance with the following amounts:

Consulting Fees Earned $157,300

It was...

How should I calculate and record the adjusting entry presented below in the trial balance on December 31,2005:

On November 1, 2005 a company agreed to do a six-month course for a client, with a...

How should:confused: I record the following transaction in T-account:
Purchase of $20,000 of equipment paying $18,600 cash and trading in old equipment with a recorded cost of $1,400.


Thank...

If I had signed an equipment rental agreement to commence in January, with a deposit of $500 that must be paid by December 15, should I record this operation at the November statement?

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...

Hello,

I have a doubt about how to record in a T-account a transaction of a personal automobile to the business. The automobile has a value of $18,000 and is to be used exclusively in the...