Transaction # 1: Grantham Landscaping Co. usually receives a monthly phone bill for $200, in which a check is issued...
oobinsorqltty6Transaction # 1: Grantham Landscaping Co. usually receives a monthly phone bill for $200, in which a check is issued for immediately. However, for this month end, the bill never came.
Transaction # 2: Grantham Landscaping Co. The next month has opened up since the period which Transaction # 1 occurred. The bill has now been received and a check will be issued immediately. What is the proper treatment for the accrual journal entry which occurred last month.
10 years ago
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