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Hagrid Corp. provided services to a customer worth $6,600 on July 28, 2020 and recorded no journal entry. It received the payment from the customer
Hagrid Corp. provided services to a customer worth $6,600 on July 28, 2020 and recorded no journal entry. It received the payment from the customer on August 3, 2020. What adjustment is needed at the end of July, 2020, assuming Hagrid Corp. records adjusting entries monthly? A) Debit Deferred Revenue $6,600 and credit Revenue $6,600. B) Debit Accounts Receivable $6,600 and credit Revenue $6,600. C) Debit Revenue $6,600 and credit Deferred Revenue $6,600. D) Debit Revenue $6,600 and credit Accounts Receivable $6,600
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