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59 (1 point) On May 1, 2022. Bee Advertising Company received $2,500 from Julie Cee for advertising services to be completed by April 30, 2022.
59 (1 point) On May 1, 2022. Bee Advertising Company received $2,500 from Julie Cee for advertising services to be completed by April 30, 2022. Assume the receipt was recorded as unearned revenue and that on December 31, 2022, $1,000 of the fees had been earned. The adjusting entry prepared by Bee on December 31, 2022, should include A debit to Unearned Revenue for $500 A credit to Unearned Revenue for $500 A debit to Unearned Revenue for $1,000 e 4: A debit to Revenue for $1,000
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