This paper circulates around the core theme of 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 together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
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
