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On February 1, Clyde Watson Law Firm contracted to provide $9,000 of legal services for the next three months and received $9,000 cash from the
On February 1, Clyde Watson Law Firm contracted to provide $9,000 of legal services for the next three months and received $9,000 cash from the client. Assuming Watson records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on February 28? OA. Accounts and Explanation Debit Credit Cash 9,000 9,000 Service Revenue Accounts and Explanation OB Debit Credit Unearned Revenue 3,000 Service Revenue 3,000 OC. Accounts and Explanation Debit Credit Service Revenue 6,000 Unearned Revenue 6,000 OD. Accounts and Explanation Debit Credit Cash 9,000 Unearned Revenue 9,000
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