Database Services Sells Service Plans for Commercial Computer Maintenance

question 11

Essay

Database Services sells service plans for commercial computer maintenance.The price for each plan is $1,350 per year,paid in advance.On October 1,2017,a service plan was sold to a new customer for cash,and the plan covers the period October 1,2017 to September 30,2018.Prepare the December 31,2017 adjusting entry.

---

Definitions:

Mass Media

Forms of communication designed to reach large audiences through mediums such as television, radio, newspapers, and the internet.

Televised Flow

Refers to the dissemination of cultural, social, and informational content through television networks across different regions and populations.

Media Conglomerate

A large company that owns numerous companies in various mass media enterprises, such as television, radio, publishing, and film.

General Electric

A multinational conglomerate corporation specializing in various sectors including renewable energy, aviation, power, and healthcare.