Posted On: 01/10/2016 5:11:26 AM
Post# of 96867
A very basic entry:
Debit Cash $50
Credit Deferred Income $50
Unfortunately, the actual accounting entry would be more complicated. But this gives you an idea of what would be reported.
Debit Cash $50
Credit Deferred Income $50
Unfortunately, the actual accounting entry would be more complicated. But this gives you an idea of what would be reported.
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