You are provided with the following information On 01/05/2019, the Advertising Company 'P' received from a client of "E" its fee for one-year advertisements, which will take place in the next twelve months with a total amount of € 126000. The advertising company "P" displayed the collection in a liability account. Annual ads are made equally every month in the period to which they refer (the beginning of the year in which the ads are made is from 01/05/2019). Company "E" displayed the payment in a receivables account. On 01/05/2020, the advertising company "P" received from the client "E" its fee for one-year advertisements, which will take place in the next twelve months, with a total amount of € 135,600. The advertising agency "P" displayed the collection in an revenue account. Annual ads are made equally every month during the period to which they refer (the start of the year in which the ads are made is from 01/05/2020). Company "E" displayed the payment in an exit account. Requested: The relevant calendar entries 01/05/2019, 31/12/2019, 01/05/2020 and 31/12/2020 for the advertising "P" The relevant calendar entries 01/05/2019, 31/12/2019, 01/05/2020 and 31/12/2020 for the Customer "E"
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- You are provided with the following information
On 01/05/2019, the Advertising Company 'P' received from a client of "E" its fee for one-year advertisements, which will take place in the next twelve months with a total amount of € 126000. The advertising company "P" displayed the collection in a liability account. Annual ads are made equally every month in the period to which they refer (the beginning of the year in which the ads are made is from 01/05/2019). Company "E" displayed the payment in a receivables account. On 01/05/2020, the advertising company "P" received from the client "E" its fee for one-year advertisements, which will take place in the next twelve months, with a total amount of € 135,600. The advertising agency "P" displayed the collection in an revenue account. Annual ads are made equally every month during the period to which they refer (the start of the year in which the ads are made is from 01/05/2020). Company "E" displayed the payment in an exit account. Requested:
The relevant calendar entries 01/05/2019, 31/12/2019, 01/05/2020 and 31/12/2020 for the advertising "P"
The relevant calendar entries 01/05/2019, 31/12/2019, 01/05/2020 and 31/12/2020 for the Customer "E"
