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McDever Corporation bills a customer $5,100 at the end of the year for services provided. The adjusting entry McDever should make to accrue the amount collectible is:
Adjustments Columns
Columns in accounting journals or ledgers used to make corrections or modifications to financial entries for accurate reporting.
Total Credits
The aggregate amount of credit entries made in an account or a financial statement.
Total Debits
The sum total of all debit entries made in a company's accounting ledger during a specific period.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue.
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