What will be the result of the adjusting entry, Accounting Basics

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What will be the result of the adjusting entry

On January 1, a customer paid X Company $39,000 in advance for cleaning services. The cleaning was going to be done once in January, once in February, once in March, and once in April. At the time of the cash receipt, the $39,000 was recorded as Deferred Revenue. What will be the result of the adjusting entry on January 31?

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Accounting Basics: What will be the result of the adjusting entry

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Request for Solution File

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Accounting Basics: What will be the result of the adjusting entry

Reference No:- TGS0684158

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What was the direct materials flexible budget variance

Q : Explain normal costing system

Q : Calculate the amount of warranty expense on angel

Q : Find proportion of male college students whose height taller

Q : What will be the result of the adjusting entry

Q : What was the accounts receivable balance at the beginning

Q : Determine the amount of any impairment loss

Q : Why the x company prepares annual financial statements

Q : Find the present value of the arm loan

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What will be the result of the adjusting entry

Reference No:- TGS0684158

Recent Questions Asked Accounting Basics

Q : What was the direct materials flexible budget variance

Q : Explain normal costing system

Q : Calculate the amount of warranty expense on angel

Q : Find proportion of male college students whose height taller

Q : What will be the result of the adjusting entry

Q : What was the accounts receivable balance at the beginning

Q : Determine the amount of any impairment loss

Q : Why the x company prepares annual financial statements

Q : Find the present value of the arm loan

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