Question: debit interest Expense 5250: credit interest Payable $250 debit Note Payable, $3.000: Credit Cash $3.000 debit Cash $750: credit interest Payable $750 Question 18 3.25

debit interest Expense 5250: credit interest Payable $250 debit Note Payable, $3.000: Credit Cash $3.000 debit Cash $750: credit interest Payable $750 Question 18 3.25 pts Juggernaut Company received a check for $24,000 on July 1 which represents a 6-month advance payment for services to be performed over the next 6 months. Uneared Service Revenue was credited for the full $24,000. Financial statements will be prepared on July 31. Assuming the work is performed ratably over the six-month period, Juggernaut should make the following adjusting entry on July 31: debit Service Revenue. $4,000; credit Unearned Service Revenue, $4,000 debit Unearned Service Revenue, $4,000; credit Service Revenue, $4,000. debit Unearned Service Revenue, $24,000: credit Service Revenue, $24,000. debit Cash, $24,000: credit Service Revenue. $24,000 MacBook AS 5 R

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