Jane Services Sells a Service Plan for Commercial Computer Maintenance

question 85

Essay

Jane Services sells a service plan for commercial computer maintenance. The price is $1,650 per year, paid in advance. On October 1, 2013, Jane sells a service plan to a new customer for cash. Provide the journal entry to record this transaction on October 1.

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Definitions:

Evolution by Natural Selection

A process where organisms better adapted to their environment tend to survive and produce more offspring, leading to the prevalence of beneficial traits in a population over generations.

Gene Frequency

The ratio of a particular allele to the total of all other alleles of the same gene in a given population.

Convergent Evolution

The process where organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.

Predator Mobbing

A behavior exhibited by some prey species wherein individuals collectively harass or confront a predator, often to protect offspring or to drive the predator away from the area.