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On september​ 1, capitol maintenance company contracted to provide monthly maintenance services for the next nine months at a rate of​ $2400 per month. the client paid capitol​ $21,600 on september 1. the maintenance services began on that date. assuming capitol records deferred revenues using the alternative ​treatment, what would be the adjusting entry recorded on december​ 31?

Respuesta :

Monthly maintenance services for the next nine months at a rate of  ​$2400 per month

The client paid capitol $21,600 on September 1

The adjusting entry recorded on December​31will be that the debit service revenue and credit unearned revenue for $12,000.

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