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Prepare the required journal entry for romano services

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Problem 1: Prepare the required journal entry for Romano Services on June 30th. The entry includes:

  1. A debit to bonus receivable of $4,400
  2.  A debit to accounts receivable of $46,600
  3. A debit to bonus receivable of $800
  4. A credit to service revenue of $51,000
  5. A credit to bonus receivable of $1,600
  6.  A debit to bonus receivable of $800
  7. A credit to deferred revenue of $138,800
  8. None of the above

Reference no: EM132659074

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