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Journalize the business transaction for the company

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Question - Journalize the business transaction for the Company's journal: On January 23rd Company offered services to the Client for $25.000. Client managed to pay $15.000 when the bill was issued, and the rest will be paid at the beginning of February.

Journalize the business transaction for the Company's journal on 31st of January. Take into consideration that the Company prepares the adjusting journal entries on monthly bases. On January 24th Company paid $12.000 for the insurance which will be valid for 1 year starting from 1st of February.

Journalize the business transaction for the Company's journal on 31st of January. Take into consideration that the Company prepares the adjusting journal entries on monthly bases. On 15th of January Client paid in advance for the services that will be offered by the Company during the remaining half of January, full month of February and March. The payment done was $25.000.

Reference no: EM133168058

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