10
points
Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and
has a December 31, 2023, year-end.
4
a. On September 1, Splish Spash Art collects $20,900 cash for dance lessons running from September 1, 2023 to December 31, 2023.
b. On October 1, Splish Splash Art collects $5,400 cash in advance from the Music Box Inc. ($2.700 per month) to rent its performance
stage for the full month of December 2023 and January 2024.
c. On October 1, 2023, Splish Splash Art collects $8,600 cash for four months of music lessons for a local private school. The lessons
run from October 1, 2023 to January 31, 2024.
Print
Required:
For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023.
View transaction list
Journal entry worksheet
1
2
Record cash received in advance for future dance lessons.
Note: Enter debits before credits.
Date
Sep 01, 2023 (Cash
General Journal
Debit
20,900
Credit
Help
20,900
