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On August 1 , Blossom Consulting Group collected $ 7 9 8 0 on a 6 - month contract to provide SEO services to Sheridan,
On August Blossom Consulting Group collected $ on a month contract to provide SEO services to Sheridan, Inc. Assuming that the amount is earned equally over the months and that Blossom prepares financial statements monthly, the company's August adjusting entry will include
a debit to Cash and a credit to Service Revenue for $
a debit to Cash and a credit to Unearned Revenue for $
a debit to Accounts Receivable and a credit to Unearned Revenue for $
a debit to Unearned Revenue and a credit to Service Revenue for $
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