On December 1, 2002, $6,000 was received for services to be performed from December 1, 2002 until May 31, 2003. Make the December 31, 2002 adjusting journal entry to correctly reflect the revenue earned during 2002 if $2,000 of services were rendered during the month of December 2002.


Im soooo lost:(
Any help?:rolleyes:

Quote:

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Originally Posted by RBERTI332

On December 1, 2002, $6,000 was received for services to be performed from December 1, 2002 until May 31, 2003. Make the December 31, 2002 adjusting journal entry to correctly reflect the revenue earned during 2002 if $2,000 of services were rendered during the month of December 2002.


Im soooo lost:(
Any help?:rolleyes:

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Uh oh... nvm I think I got it

Dr Cash 6000
Cr Unearned Revenue 6000
DrUnearned Revenue 2000
Cr Service Revenue 2000