On August 1,2016,Benjamin and Associates collected $18,000 in advance for legal services to be rendered for one year.Which of the following entries reflect the end-of-the-year adjustment to reflect revenue earned?
Correct Answer:
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Q29: The closing entry for the Dividends account
Q36: A debit entry
A)increases assets.
B)increases expenses.
C)decreases liabilities.
D)increases assets,expenses,and
Q37: Which of the following is increased with
Q38: The difference between the debit and credit
Q39: Which of the following is decreased with
Q40: Warren Company began the accounting period with
Q42: What effect will the following entry have
Q44: The Wagner Company issued common stock for
Q45: On October 1,2016,Sengal Company recorded a journal
Q46: On November 1,2016,Shumate Company paid $1,200 in
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