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Knowledge Check 01 The unadjusted trial balance of Cary's Carpet Cleaning, Inc. reports $3,600 of Deferred Revenue, which represents the amounts that a major industrial
Knowledge Check 01 The unadjusted trial balance of Cary's Carpet Cleaning, Inc. reports $3,600 of Deferred Revenue, which represents the amounts that a major industrial customer had paid in advance for carpet cleaning during the months of April and May. By cleaning carpets during April, the company has fulfilled $2,000 of its obligation. Complete the necessary adjustment for the month of April. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the realization of deferred revenue due to fulfillment of obligation for cleaning carpets to the extent of $2.000. Note: Enter debits before credits. Event General Journal Debit Credit 1
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