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    Confused Student's Avatar
    Confused Student Posts: 7, Reputation: 1
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    #1

    Jun 25, 2006, 03:02 PM
    Journal Entry 2
    Here's another one I would like you to please check for me. By the way, thank you for the first answer. The second question reads like this?

    On Nov 1, the company signed a contract, effective immediately, with Boone County Hospital to dry clean, for a fixed monthly charge of $200, the uniforms used by the doctors. Boone County Hospital paid for four months' service in advance.

    My answer: Debit $200 Unearned Dry Cleaning Revenue & Credit $200 Dry Cleaning earned
    Confused Student's Avatar
    Confused Student Posts: 7, Reputation: 1
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    #2

    Jun 25, 2006, 03:07 PM
    Aslso to note that these questions are asking for adjusted journal entries if that changes anything.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    Jun 25, 2006, 04:09 PM
    I am assuming that the year end in this case is Nov. 30?

    In that case, your JE is correct.
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    #4

    Jun 25, 2006, 04:54 PM
    You are correct.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #5

    Jun 25, 2006, 05:14 PM
    In the case, so are you!!
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