In December, services were performed for a total of $1,500 but no bill has been sent to
Fantastic news! We've Found the answer you've been seeking!
Question:
In December, services were performed for a total of $1,500 but no bill has been sent to the customer as yet and no record has been made in the accounting system. The adjusting entry to be made is:
a. a debit to Unearned Revenue and credit to Accounts Receivable for $1,500
b. a debit to Accounts Receivable and credit to Unearned Revenue for $1,500
c. a debit to Accounts Receivable and credit to Service Revenue for $1,500
d. a debit to Unearned Revenue and credit to Accounts Payable for $1,500
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date: