adjusting entries ch 4

q 6

Question 6 Tries remaining: 2 Points out of 1.00 P Flag question On October 11, your firm receives a $7,500 down payment toward a $15,000 video your firm will produce, and you book it in Unearned Revenue. If, at year end, 20% of the work is completed, what adjusting entry will you record? (first line debit - second line credit) Select one: a. Unearned Revenue 1,500 Revenue 1,500 b. Revenue 3,000 Unearned Revenue 3,000 c. Unearned Revenue 3,000 Revenue 3,000 d. Cash 3,000 Revenue 3,000 Check