Louisiana State University, Shreveport ACCOUNTING ACCOUNTING 701 The statement below is false but what needs to be changed to make…
The statement below is false but what needs to be changed to make it true and how did you determine that? Please explain.
Statement:
A company receives $1800 on November 1, 2019 for services to be provided evenly over the next six months. On December 31, 2019 adjusting entry for the company would include a credit to deferred revenue for $600.
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