Question
QUESTION 9 On 10/1/19, Tenace received $2,500 from a customer to provide services equally over the next five months. Tenace recorded the entire amount to
QUESTION 9
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On 10/1/19, Tenace received $2,500 from a customer to provide services equally over the next five months. Tenace recorded the entire amount to unearned revenue. What is the adjusting journal entry at year end 12/31/19?
A. Cash 1,500
Service Revenue 1,500
B. Unearned Revenue 1,500
Service Revenue 1,500
C. Service Revenue 1,000
Unearned Revenue 1,000
D. Unearned Revenue 2,000
Service Revenue 2,000
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Radical Reporting Writing Better Audit Risk Compliance And Information Security Reports
Authors: Sara I. James
1st Edition
1032106042, 978-1032106045
