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Question 4 Zieborg aintenance Corp. has a $540 monthly contract with Crispy Treat Inc. for general maintenance seic. Ziebura invoices Crispy on the first of the month for services that it performed in the previous mornth. Crispy must then pay for these services by the 10th of the following month. Zieboro has a November 30 year end and prepares adjusting entries monthly Prepare Zicborgs adjusting entry an Navemher 30. (Credit account titles are automatically intended when the amaunt is entered. Do not indont manually. If no entry is required, select No Entry for the accaunt titles and enter D for the amounts.) Date Account Itles and xplanation Nov. 30 Debrt G en your entry abo e ecord o mal entry required on ecember 1 en invoices Crispy or ser ces pert med November Credit account ttles are automat ca y ntended when the amount s entered. Do noti dent manual y「no entry sre ed select No Entry tor the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Der. 1

Zieboro receives $540 from Crispy on January 10 for services performed in November. Prepare Zieborgs Journal entry. (Credit account titles are automatically intended when the amount is entered. Do not indent manualy. II no entry is r Entry for the account titles and enter 0 for the amounts. automa required, select No entry is Date Account Titles and Explanation Dcbit Jan. 10

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Answer #1
Date Account Titles and Explanation Debit Credit
a. Nov.30 Accounts receivable $540
Service Revenue $540
b. Dec. 1 No Entry
No, Zieborg will not have to make a journal entry on December 1
When they invoice crispy because the November 30 adjusting entry
already recorded the amount.
c. Jan.10 Cash $540
Accounts Receivable $540
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