Multiple Choice Question

After the adjusting entries have been completed, the

adjusted balance in the Deferred Revenue account

represents:

the amount of revenues for which goods

or services were provided during the cur$-$

rent period, but not collected during the

period.

the amount of revenues for which goods

or services were provided during the cur$-$

rent period.

the amount of the sales or services still

owed to the customer.

Need help? Review these concept resources.

$$ Read About the Concept

Rate your confidence to submit your answer.