Business, 05.09.2019 21:10 faithcalhoun

Duluth co. collected a $6,000 cash advance from a customer on november 1, year 1 for work to be performed over a six-month period beginning on that date. if the year-end adjustment is properly recorded, what will be the effect of the adjusting entry on duluth's year 1 financial statements?

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Duluth co. collected a $6,000 cash advance from a customer on november 1, year 1 for work to be perf...

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