Question
On 1 Aug 20x1, company MAX received $4800 for services to be performed evenly over the next 12 months. The adjusting entry on 31 Dec
On 1 Aug 20x1, company MAX received $4800 for services to be performed evenly over the next 12 months. The adjusting entry on 31 Dec 20x1 would include a:
a)Debit to Cash for $4800
b)Credit to service revenue for $4800
c)Debit to unearned service revenue for $3200
d)Debit to unearned service revenue for $2800
e)None of the above
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
8th Edition
73526916, 978-0073526911
