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On May 1, 2020, a company signed a 1,200 annual legal services contract with a client. The customer promised to pay the company in one
On May 1, 2020, a company signed a 1,200 annual legal services contract with a client. The customer promised to pay the company in one year. Which registration will the company register on December 31, 2020? Choose one: A. Debit: Available 1,200 and Credit: Retained earnings 1,200. B. Charge: Available 1,200 and Credit: Revenue for services 1,200. C. Charge: Prepaid Revenue 1,200 and Credit: Service Revenue 1,200. D. None of the suggested answers
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