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What entries would be required

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Reference no: EM132601880

Background

It is March 2019 month end and as part of this process you have been asked to post a number of month end journals.

You received the below information;

Problem 1. Accounts payable closes on the last day of the month. The following invoice was received after the close, what entries would be required.

Licence fee $300,000 that relates to the period 1 November 2018 to 31 October 2019

Reference no: EM132601880

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