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Jupiter Services Sells Service Plans for Commercial Computer Maintenance

question 88

Essay

Jupiter Services sells service plans for commercial computer maintenance.The price for each service plan is $1,650 per year,paid in advance.On October 1,2017,a service plan was sold to a new customer for cash.Prepare the journal entry to record this transaction.


Definitions:

Numeric Data

Data consisting of numbers, which can be used in mathematical calculations and statistical analysis.

Calculation Options

Settings that determine how and when formulas are recalculated in spreadsheet software.

Manual

A handbook or guide that provides instructions or information about how to use a device, software, or system.

=MONTH

A function in spreadsheet programs used to extract the month portion from a given date as an integer from 1 to 12.

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