a)

On December 1, $11,650 was received for a service contract to be performed from December 1 through April 30.

b) Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31.

Required:
	Record journal entries for the above transactions. Refer to the Chart of Accounts for exact wording of account titles.

General Journal On December 1, $11,650 was received for a service contract to be performed from December 1 through Apri 30. Journalize this event. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL DATE POST. REF DEBIT CREDIT Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31. Refer to the Chart of Accounts for exact wording of account tities PAGE 1 JOURNAL DATE POST. REF DEBIT CREDIT