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On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next six months at a rate of 52.700 per month The
On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next six months at a rate of 52.700 per month The client paid Capitol 515200 on September 1. The maintenance services began on that date Assuming Capital records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on December 31 A Debt Service Revenue and credit Unarmed Revenue for 55 400 OB. No entry is needed since revenue was recorded on September OC. Debit Unearned Revenue and credit Service Revenue for $10.000 OD. Debit Service Revenue and credited Revenue for $16.200
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