Hello-

Could you please advise how to correct this entry

Gonzales Company has employed a bookkeeper who is inexperienced. On December 29, after reviewing the records for the year, you discover the following error.

On September 1, Gonzales Company received $510 for services to be performed in the future. The bookkeeper recorded this by debitingCashfor $150 and crediting Service Revenue for $150.

Note:Assume that it is the company's policy to record the receipt of revenue in advance of earning it in theDeferred Revenueaccount.

Required:

Prepare acorrecting entryon December 29. Make sure to enter the day for each separate transaction.

Date Account Title Debit Credit

(Choose one)

Accounts Payable

Accounts Receivable

Accumulated Depreciation, Buildings

Accumulated Depreciation, Equipment

Advertising Expense

Buildings

Capital

Cash

Depreciation Expense, Buildings

Depreciation Expense, Equipment

Drawing

Equipment

Insurance Expense

Interest Payable

Interest Expense

Land

Prepaid Advertising

Prepaid Insurance

Prepaid Rent

Rent Expense

Rent Revenue

Salaries Expense

Salaries Payable

Service Revenue

Supplies

Supplies Expense

Deferred Rent Revenue

Utilities Expense

Utilities Payable

Deferred Revenue

Wages Expense

Wages Payable

Dec.

29

(Choose one)

Accounts Payable

Accounts Receivable

Accumulated Depreciation, Buildings

Accumulated Depreciation, Equipment

Advertising Expense

Buildings

Capital

Cash

Depreciation Expense, Buildings

Depreciation Expense, Equipment

Drawing

Equipment

Insurance Expense

Interest Payable

Interest Expense

Land

Prepaid Advertising

Prepaid Insurance

Prepaid Rent

Rent Expense

Rent Revenue

Salaries Expense

Salaries Payable

Service Revenue

Supplies

Supplies Expense

Deferred Rent Revenue

Utilities Expense

Utilities Payable

Deferred Revenue

Wages Expense

Wages Payable

150

(Choose one)

Accounts Payable

Accounts Receivable

Accumulated Depreciation, Buildings

Accumulated Depreciation, Equipment

Advertising Expense

Buildings

Capital

Cash

Depreciation Expense, Buildings

Depreciation Expense, Equipment

Drawing

Equipment

Insurance Expense

Interest Payable

Interest Expense

Land

Prepaid Advertising

Prepaid Insurance

Prepaid Rent

Rent Expense

Rent Revenue

Salaries Expense

Salaries Payable

Service Revenue

Supplies

Supplies Expense

Deferred Rent Revenue

Utilities Expense

Utilities Payable

Deferred Revenue

Wages Expense

Wages Payable

(Choose one)

Accounts Payable

Accounts Receivable

Accumulated Depreciation, Buildings

Accumulated Depreciation, Equipment

Advertising Expense

Buildings

Capital

Cash

Depreciation Expense, Buildings

Depreciation Expense, Equipment

Drawing

Equipment

Insurance Expense

Interest Payable

Interest Expense

Land

Prepaid Advertising

Prepaid Insurance

Prepaid Rent

Rent Expense

Rent Revenue

Salaries Expense

Salaries Payable

Service Revenue

Supplies

Supplies Expense

Deferred Rent Revenue

Utilities Expense

Utilities Payable

Deferred Revenue

Wages Expense

Wages Payable

(Choose one)

Accounts Payable

Accounts Receivable

Accumulated Depreciation, Buildings

Accumulated Depreciation, Equipment

Advertising Expense

Buildings

Capital

Cash

Depreciation Expense, Buildings

Depreciation Expense, Equipment

Drawing

Equipment

Insurance Expense

Interest Payable

Interest Expense

Land

Prepaid Advertising

Prepaid Insurance

Prepaid Rent

Rent Expense

Rent Revenue

Salaries Expense

Salaries Payable

Service Revenue

Supplies

Supplies Expense

Deferred Rent Revenue

Utilities Expense

Utilities Payable

Deferred Revenue

Wages Expense

Wages Payable

(Choose one)

Accounts Payable

Accounts Receivable

Accumulated Depreciation, Buildings

Accumulated Depreciation, Equipment

Advertising Expense

Buildings

Capital

Cash

Depreciation Expense, Buildings

Depreciation Expense, Equipment

Drawing

Equipment

Insurance Expense

Interest Payable

Interest Expense

Land

Prepaid Advertising

Prepaid Insurance

Prepaid Rent

Rent Expense

Rent Revenue

Salaries Expense

Salaries Payable

Service Revenue

Supplies

Supplies Expense

Deferred Rent Revenue

Utilities Expense

Utilities Payable

Deferred Revenue

Wages Expense

Wages Payable