Identify the Type of Adjustment Necessary (The Type of Item

question 13

Essay

Identify the type of adjustment necessary (the type of item involved) and record the transaction for the event. Make sure to include the ending balances after adjustment.
Assume that on June 1, 2013, Tasty Sausage Corp. received $9,000 in advance to provide sausages over the next three months. The June 30 adjustment is:

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Definitions:

Social Media

Digital platforms that allow users to create content, share experiences, and engage in social networking.

Direct Sales

A business model where products or services are sold directly to customers, bypassing traditional retail channels.

Inspire

To fill with the urge or ability to do or feel something, especially to do something creative.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.