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On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount received was credited to

On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount received was credited to Deferred Revenue. What would be the required adjusting entry at December 31, 2021? Multiple Choice Debit Deferred Revenue and credit Service Revenue for $12,000. Debit Deferred Revenue and credit Service Revenue for $36,000. Debit Service Revenue and credit Deferred Revenue for $24,000

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