Journal Entries Quiz (Part 5 of 5)

BLACK FRIDAY SALE (USA) → https://geni.us/quickbooksonlineusa BLACK FRIDAY SALE (Canada) → https://geni.us/quickbooksonlinecanada How well do you know Journal Entries? Try to answer these questions... 15. A business receives cash from a customer to settle an outstanding account. What is the Journal Entry? 16. A business closes its Revenue account at year-end. What is the Journal Entry? 17. A business records depreciation on its Equipment. What is the Journal Entry? 18. A customer pays in advance for a 12-month subscription. What is the initial Journal Entry? 🔴 Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel 🔗OTHER RESOURCES ▪ My Website → https://accountingstuff.com/accounting-basics/accounting-equation 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/accountingstuff