Homework Answers
Solution
Accounts name may change
| Date | General Journal | Debit | Credit |
| December 12, 2021 | Cash | $ 36,600.00 | |
| Unearned revenue | $ 36,600.00 | ||
| (To record advance from customer) | |||
| January 16 2022 | Unearned revenue | $ 36,600.00 | |
| Sales revenue | $ 36,600.00 | ||
| (To record sales revenue) |
Revenue for 36600 received in advance will be recorded when the sales is actually made that is on Jan 16,2022.
Use alternate entry for January 16,2022 if the above entry does not pans out.
| January 16 2022 | Unearned revenue | $ 36,600.00 | |
| Accounts receivable | $ 329,400.00 | ||
| Sales revenue | $ 366,000.00 | ||
| (To record sales revenue) |
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