Business, 16.10.2019 01:20 sabinaschaaf10

Jones company received $2,200 in cash during march for service revenue for a job that will be completed in may. this job would be completed before the end of the year when the finance's are prepared. since it is short lived and will be earned during this accounting period, jones company decided to record it as revenue instead of a liability at the time the cash was received in march. the journal entry to record this transaction when we received the cash in march would be:

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