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What are the adjusting entry to be passed on 31 dec

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Reference no: EM132409109

Question

Shulin, the book-keeper accountant for No Paint No Gain Pte. Ltd. recorded commission income transaction as follows:

DR Bank $16,000

CR Commission revenue $16,000

The commission revenue covers 1 August 2018 to 31 March 2019

If the company's year-end is 31 December 2018, what are the adjusting entry to be passed on 31 December 2018?

Reference no: EM132409109

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