Question
Two Company received payment of $750 from a customer on December 20, 2018 for services Two Company will perform in January 2019. The company credited
Two Company received payment of $750 from a customer on December 20, 2018 for services Two Company will perform in January 2019. The company credited unearned revenue for the full amount. The adjusting entry on December 31, 2018 would include
| A debit to unearned revenue for $750 |
| No entry |
| A debit to service revenue for $750 |
| A credit to unearned revenue for $750 |
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Dcaa Audits Widespread Problems With Audit Quality Require Significant Reform: Gao 09 1009t
Authors: U. S. Government Accountability Office
1st Edition
1287232027, 978-1287232025
