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Sutton Law PLLC collected advance payments of $10,000 from customers during the month of March for future legal services. These advance payments were recorded in
Sutton Law PLLC collected advance payments of $10,000 from customers during the month of March for future legal services. These advance payments were recorded in unearned revenue. During April, the firm performed $3,500 of legal services related to these advance payments. What is the correct adjusting journal entry at the end of April? Debit cash is $10,000, and credit unearned revenue is $10,000. Debit legal services revenue is $3,500, and credit unearned revenue is $3,500. Debit cash is $3,500, and credit unearned revenue is $3,500. Debit unearned revenue is $3,500, and credit legal services revenue is $3,500
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