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Solve Jacob's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances: Salary expense: debit $8,000 Service revenue: credit $3,000
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Jacob's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances: Salary expense: debit $8,000 Service revenue: credit $3,000 Interest expense. $0 Late in this month, Jacob signed a contract with a new client, providing event planning services for an upcoming event. The work will be started and completed in the following month at which time the company will collect the full amount of $900 from this client. The company makes accrual adjustments monthly. The adjusted balance of service revenue, as shown on the adjusted trial balance for this month, should be a COURT OA. debit balance of $900 OB. cred balance of $3,000 creditbalance OC. credit balance of $2,100 OD. credit balance of $900Step by Step Solution
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