Business, 07.10.2021 14:00 povijuaisaiah
8. On October 1, 2021, Great Support, Inc. receives $6,000,000 cash from a large corporate client. In return, Great will provide technical support services for a 2-year period (i. e., from October 1, 2021 to September 30, 2023). On October 1, 2021, Great records a journal entry to debit Cash and credit Unearned Revenue for $6,000,000. If Great does not make any other journal entries in 2021 related to this contract, what adjusting journal entry does the company need to make on December 31, 2021
Answers: 3
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8. On October 1, 2021, Great Support, Inc. receives $6,000,000 cash from a large corporate client. I...
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