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.
What will be an ideal response

Cash 1,650
Unearned Revenue 1,650

Business

You might also like to view...

The intermediate appellate courts do not allow the parties to have oral hearings

Indicate whether the statement is true or false

Business

Union picketing for recognition for longer than 30 days without filing an election petition is an unfair labor practice

Indicate whether the statement is true or false

Business