What accounts would be used in recording the adjustment
Problem
What accounts would be used in recording the adjustment, if you got a three month contract with total value of $75,000 paid at the end (ignore HST), starting on November 1st, and accounting period (fiscal year) ends on December 31st?
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What accounts would be used in recording the adjustment, if you got a three month contract with total value of $75,000 paid at the end (ignore HST)?
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