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Mr. Braley hires Scotts Landscaping on April 1 st to mow his property for the next five months, April to August. Since Mr. Braley is

Mr. Braley hires Scott’s Landscaping on April 1st to mow his property for the next five months, April to August.  Since Mr. Braley is a new customer, the company requests that Mr. Braley pay the full amount upfront $1,250, for all five months.  Scott’s Landscaping prepares annual adjusting entries at its fiscal year, August 31, 2014.

What is the journal entry for Scott’s Landscaping on August 31st?


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