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QUESTION 7 Mason Service Company has the following accounts and account balances in its ledger for which adjusting journal entries are needed for the month

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QUESTION 7 Mason Service Company has the following accounts and account balances in its ledger for which adjusting journal entries are needed for the month of September 2020: Accounts Receivable $ 27,000 Equipment 96,000 Notes Payable 60,000 Office Supplies 18,000 Prepaid Rent 40,000 Salaries Expense 75,000 Unearned Revenue 88,000 Using the above information, prepare the adjusting journal entry for: On September 1, 2020 Mason collected $88,000 for services to be performed from September 1, 2020 to December 31, 2020

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