select the adjusting entry Green should make prior to preparing financial statements on May 31, 2009. Prior to this May 31, 2009 adjusting entry, Green has made only two entries in their accounting system related to this advance payment – the April 1, 2

select the adjusting entry Green should make prior to preparing financial statements on May 31, 2009. Prior to this May 31, 2009 adjusting entry, Green has made only two entries in their accounting system related to this advance payment – the April 1, 2

select the adjusting entry Green should make prior to preparing financial statements on May 31, 2009. Prior to this May 31, 2009 adjusting entry, Green has made only two entries in their accounting system related to this advance payment – the April 1, 2009 entry to record the receipt of the $60,000 cash and the April 30, 2009 adjusting entry.

Account Name

Debit

Credit

A.

Unearned Service Revenue

36,000



Service Revenue


36,000

B.

Service Revenue

36,000



Unearned Service Revenue


36,000

C.

Service Revenue

12,000


Unearned Service Revenue


12,000

D.

Unearned Service Revenue

12,000



Service Revenue


12,000

E. None of the above


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