What would be the correct journal entry at teh end of june?, Accounting Basics

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What would be the correct journal entry at teh end of june?

Collected advanced payments for customers of $5,000 during the month of May for future legal services. These advance payments were recorded in unearned revenue. During June, the firm performed $1,500 legal services related to these advance payments. What would be the correct journal entry at teh end of June?

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Accounting Basics: What would be the correct journal entry at teh end of june?

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Accounting Basics: What would be the correct journal entry at teh end of june?

Reference No:- TGS0704936

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Recent Questions Asked Accounting Basics

Q : What are the ethical issues involved

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Q : What would be the correct journal entry at teh end of june?

Q : Indicate the adjusted balance in each account

Q : What could you tell your boss about the results

Q : Calculate the purchase amount of the company

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What would be the correct journal entry at teh end of june?

Reference No:- TGS0704936

Recent Questions Asked Accounting Basics

Q : What are the ethical issues involved

Q : How much interest will be paid annually on these bonds

Q : Explain the amount of revenue from franchise fees

Q : The book values of noncash assets

Q : What would be the correct journal entry at teh end of june?

Q : Indicate the adjusted balance in each account

Q : What could you tell your boss about the results

Q : Calculate the purchase amount of the company

Q : The same time introduced a second product called

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