Using the form below, record each of the following Year 1 transactions for Mayer Corporation.a)November 1: Received cash from clients for services to be performed over the next six months, $12,000.b)November 1: Paid $1,200 for a 12-month insurance policy.c)December 31: Recorded expiration of two months of the insurance.d)December 31: Earned $4,000 of the amount received from clients in November.

Question

Using the form below, record each of the following Year 1 transactions for Mayer Corporation.a)November 1: Received cash from clients for services to be performed over the next six months, $12,000.b)November 1: Paid $1,200 for a 12-month insurance policy.c)December 31: Recorded expiration of two months of the insurance.d)December 31: Earned $4,000 of the amount received from clients in November.
Using the form below, record each of the following Year 1 transactions for Mayer Corporation.a)November 1: Received cash from clients for services to be performed over the next six months, $12,000.b)November 1: Paid $1,200 for a 12-month insurance policy.c)December 31: Recorded expiration of two months of the insurance.d)December 31: Earned $4,000 of the amount received from clients in November.

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The Answer of Using the form below, record each of the following Year 1 transactions for Mayer Corporation.a)November 1: Received cash from clients for services to be performed over the next six months, $12,000.b)November 1: Paid $1,200 for a 12-month insurance policy.c)December 31: Recorded expiration of two months of the insurance.d)December 31: Earned $4,000 of the amount received from clients in November.

Using the Form Below, Record Each of the Following Year