You are an Accountant at Gusikowski Limited, an architectural firm.

It is June $1,$ and you are preparing the Financial Statements for May.

The firm started a job for a client on May $5$ and finished all the work for the client on May $25.$

As of June $1,$ the client has not been billed and no revenue for this client has been recorded.

However on June $2,$ Gusikowski Limited will send the client a bill for $40,000.$

What adjusting journal entry should make for May?

Account

Debit

Credit'

No Journal Entry Required