Century Security Services Had a New Customer Come in to Their

question 138

Essay

Century Security Services had a new customer come in to their office and request their services for a two-month period.Century will collect a total of $10,000 from the customer at the end of the two-month period.Century began providing services on June 1.On June 30,Century accrued service revenue for the first one-month period.On July 31,Century completed the services and collected $10,000 from the customer.Please provide the journal entry made to record the collection of cash from the customer on July 31.
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Definitions:

Victims

Individuals who have suffered harm, injury, or loss as a result of a crime, accident, or other event or action.

Privacy

The right of individuals to keep their personal information out of public view and to make choices about how their personal information is used.

Convulsion

An abrupt, involuntary muscle contraction often associated with a sudden electrical discharge in the brain, leading to uncontrolled body movements.

Brain Malfunctions

Disorders or dysfunctions in the brain leading to various symptoms like memory loss, impaired judgement, or physical impairments.