diff --git a/_static/chart-of-accounts.js b/_static/chart-of-accounts.js index 34f4048b8..3f3492a43 100644 --- a/_static/chart-of-accounts.js +++ b/_static/chart-of-accounts.js @@ -312,12 +312,11 @@ label: "Customer Invoice (3 years service contract, $300)", operations: [ {account: ASSETS.ACCOUNTS_RECEIVABLE.code, debit: constant(total*3)}, - {account: LIABILITIES.DEFERRED_REVENUE.code, credit: constant(sale*2)}, - {account: REVENUE.SALES_SERVICES.code, credit: constant(sale)}, + {account: LIABILITIES.DEFERRED_REVENUE.code, credit: constant(sale*3)}, {account: LIABILITIES.TAXES_PAYABLE.code, credit: constant(tax*3)} ] }, { - label: "Revenue Recognition (second year service contract)", + label: "Revenue Recognition (each year, including first)", operations: [ {account: LIABILITIES.DEFERRED_REVENUE.code, debit: constant(sale)}, {account: REVENUE.SALES_SERVICES.code, credit: constant(sale)},