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On August 19, 20X6, ABC Co. completed services for a client for which the client had paid ABC Co. $105,000 in advance on July 10,
On August 19, 20X6, ABC Co. completed services for a client for which the client had paid ABC Co. $105,000 in advance on July 10, 20X6. Using accrual accounting, the August 19, 20X6 entry i S: ..105,000 Debit: Cash....... Credit: Service fees revenue. ..105,000 a. Debit: Unearned service fees revenue. Credit: Accounts receivable....... .105,000 105,000 b. Debit: Unearned service fees revenue... ..105,000 Credit: Service fees revenue.. .105,000 Oc. ..105,000 Debit: Cash.... Credit: Unearned service fees revenue... O d. ..105,000
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