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The date of the financial statement is 12/31. What is the adjusting journal on 12/31 for the following transaction: A total of $4,000 was received
The date of the financial statement is 12/31. What is the adjusting journal on 12/31 for the following transaction: A total of $4,000 was received on November 1 for 4 months work.
- A. Credit to Revenue $ 2,000
- B. Credit to Unearned Revenue $2,000
- C. Credit to Revenue $1,000
- D. Credit to Unearned Revenue $1,000
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