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Journalizing the alternative treatment of deferred revenues On September 1, 2018, Salem Landscaping collected $24,000 in advance from customers for landscaping services. The service revenue

Journalizing the alternative treatment of deferred revenues

On September 1, 2018, Salem Landscaping collected $24,000 in advance from customers for landscaping services. The service revenue will be earned monthly over the 12-month period ending August 31, 2019.

Requirements

Journalize the entry on September 1 by using the alternative treatment of deferred revenues.

Record the December 31, 2018 adjusting entry.

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