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On February 1, 20x1 the Abdoll business paid Fraser $12226 cash to complete a renovation on their property starting in May 20x1 and ending August
On February 1, 20x1 the Abdoll business paid Fraser $12226 cash to complete a renovation on their property starting in May 20x1 and ending August 31, 20x1. Both parties agreed to the work being completed in equal parts over the summer. Fraser's year-end is June 30, 20x1. Assuming the initial entry made on February 1, 20x1 by Fraser was a credit of $12226 to revenue, the following adjusting entry is required on June 30, 20x1: Select one: a. A credit of $6113 to unearned revenue C b. A debit of $3056 to revenue c. A credit of $6113 to revenue c d. A debit of $3056 to unearned revenue Check E
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