Solution-Which of the accounts is the income statement

Which of the accounts is the income statement account

Reference no: EM131029856

Adjusting entries affect at least one balance sheet account and at least one income statement account. For the following entries, identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account.

a. Entry to record revenue earned that was previously received as cash in advance.

Reference no: EM131029856

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Which of the accounts is the income statement account

Reference no: EM131029856

Reference no: EM131029856

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