ContractsNorthStar Order Form #2027-0481Journal entries
37 entriesBalanced ✓
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Journal entries · 37 generated

One prepayment entry plus 36 monthly recognition entries derived from the schedule. Every entry balances DR = CR. Account codes follow the customer's NetSuite chart of accounts. Cumulative debits and credits across all entries: $2,300,000 = $2,300,000.
Total entries
37
1 prepayment + 36 monthly
Total debits
$2.3M
Cash, Deferred Rev (reversals)
Total credits
$2.3M
Deferred Rev, Revenue streams
Imbalance
$0
✓ exact
JE-2027-00012027-01-15Customer prepayment received — NorthStar Order Form #2027-0481BALANCED
AccountAccount nameMemoDebitCredit
1000Cash · Operating$1,150,000
2300Deferred RevenueInitial deferred revenue$1,150,000
Totals$1,150,000$1,150,000
JE-2027-0002Jan-01-2027Monthly revenue recognition · M01 · Jan 2027BALANCED
AccountAccount nameMemoDebitCredit
2300Deferred RevenueReverse deferred revenue · M01 · Jan 2027$114,000
4100Revenue · SubscriptionPO-1 subscription · ratable$28,000
4300Revenue · Premium SupportPO-3 premium support · ratable$1,600
4200Revenue · Implementation ServicesPO-2 implementation · point-in-time at go-live$84,400
Totals$114,000$114,000
JE-2027-0003Feb-01-2027Monthly revenue recognition · M02 · Feb 2027BALANCED
AccountAccount nameMemoDebitCredit
2300Deferred RevenueReverse deferred revenue · M02 · Feb 2027$29,600
4100Revenue · SubscriptionPO-1 subscription · ratable$28,000
4300Revenue · Premium SupportPO-3 premium support · ratable$1,600
Totals$29,600$29,600
JE-2027-0004Mar-01-2027Monthly revenue recognition · M03 · Mar 2027BALANCED
AccountAccount nameMemoDebitCredit
2300Deferred RevenueReverse deferred revenue · M03 · Mar 2027$29,600
4100Revenue · SubscriptionPO-1 subscription · ratable$28,000
4300Revenue · Premium SupportPO-3 premium support · ratable$1,600
Totals$29,600$29,600
JE-2027-0005Apr-01-2027Monthly revenue recognition · M04 · Apr 2027BALANCED
AccountAccount nameMemoDebitCredit
2300Deferred RevenueReverse deferred revenue · M04 · Apr 2027$29,600
4100Revenue · SubscriptionPO-1 subscription · ratable$28,000
4300Revenue · Premium SupportPO-3 premium support · ratable$1,600
Totals$29,600$29,600
JE-2027-0006May-01-2027Monthly revenue recognition · M05 · May 2027BALANCED
AccountAccount nameMemoDebitCredit
2300Deferred RevenueReverse deferred revenue · M05 · May 2027$29,600
4100Revenue · SubscriptionPO-1 subscription · ratable$28,000
4300Revenue · Premium SupportPO-3 premium support · ratable$1,600
Totals$29,600$29,600
· · · 31 additional monthly recognition entries (M07–M36) · same structure · · ·
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