Question
n April 1, 2019, Orbit Services received $ 6 comma 000$6,000 in advance of performing the services from a customer for three months of service
n April 1, 2019, Orbit Services received
$ 6 comma 000$6,000
in advance of performing the services from a customer for three months of service
long dash
April, May and June. What would be the journal entry to adjust the accounts at the end of May? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A.Debit Unearned Revenue
$ 6 comma 000$6,000,
and credit Service Revenue
$ 6 comma 000$6,000.
B.Debit Service Revenue
$ 4 comma 000$4,000,
and credit Accounts Receivable
$ 4 comma 000$4,000.
C.Debit Service Revenue
$ 2 comma 000$2,000,
and credit Unearned Revenue
$ 2 comma 000$2,000.
D.Debit Unearned Revenue
$ 4 comma 000$4,000,
and credit Service Revenue
$ 4 comma 000$4,000.
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