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What adjusting entry must mary make

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Reference no: EM132640764

Problem 1: Mary Richardo has performed $380 of CPA services for a client but has not billed the client as of the end of the accounting period. What adjusting entry must Mary make?

Option 1: Debit Cash and credit Unearned Service Revenue

Option 2: Debit Accounts Receivable and credit Unearned Service Revenue

Option 3: Debit Unearned Service Revenue and credit Service Revenue

Option 4: Debit Accounts Receivable and credit Service Revenue

Reference no: EM132640764

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