Received 9900 cash from students-of which 3600 is for

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Reference no: EM13576141

Jim's Gymnastics Training's operations for the month of October are summarized as follows:
• Provided $7,000 of training to students. Billed customers on account.

•Received $9,900 cash from students-of which $3,600 is for training provided in October (as billed above), $1,100 is for training to be provided in November, and $5,200 is for training provided in September.

• Paid September's gym rental bill of $1,200. Received October's bill of $1,500 but did not pay.

Prepare appropriate journal entries using the accrual basis of accounting.

Reference no: EM13576141

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