What journal entry is needed on 12-31-x1, Accounting Basics

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What journal entry is needed on 12-31-x1

On May 1, 20X1, Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed on April 30, 20X2. Assume the receipt was recorded as unearned fees on 5/01/x1 and that as of December 31, 20X1, $500 of the fees had been earned. What Journal entry is needed on 12-31-X1

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Accounting Basics: What journal entry is needed on 12-31-x1

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What journal entry is needed on 12-31-x1

Reference No:- TGS067644

Recent Questions Asked Accounting Basics

Q : Good conclusion to a paragraph about integrity

Q : What happens to the money supply if reserve ratio is given

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Q : What could be a thesis statement about the jim crow laws

Q : What journal entry is needed on 12-31-x1

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Q : Brainstorming process to make it better

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