Near the end of the year, Beta received $4,000 cash in advance from a customer for services to be performed in the future and recorded it as a debit to Cash and a credit to Service Revenue. By the end of the year, Beta had earned $1,000 of the cash received in advance. No AJE was recorded. What corrections, if any, should be made to the trial balance?

change in DR AND CR (add, subtract)

Answer rating: 100% (QA)

To correct the trial balance we need to account for ... View the full answer