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Use the following tabular analysis to determine the adjusting entry to be made on December 31. On December 1 Carvington Legal Services Inc. collected a
Use the following tabular analysis to determine the adjusting entry to be made on December 31.
On December 1 Carvington Legal Services Inc. collected a $40.000 retainer received from a diett for legal services that will be performed ratably over the S-month period December 1 through April 30. Use the following tabular analysis to determine the adjusting entry to be made on December 31 Ant Liabilities Stockholders Equity Accounts Uneared CO Service Rechable Bee Stack . Rere Expose Dec 1 40.000 40.000 Dec 31 Ad BL Cash . Decrease both Cash and Unearned Revenue by $8.000 Increase Service Revenue and Uhamed Revenue by 59.000 Decrease Untamed Revenue and increase Service Revenue by 50.000 Increase Accounts Receivable and decrease Uneaned Revenue by 510.000
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