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What the adjusting entery on december will involve a

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Reference no: EM132899741

Question 1: On october 31 of the current year a contaract was singed and cheque received for services to be performed by the october 31 of the following year. The unearned service revenue aqccount was credited for $4800. Assuming services were performed evenly during the remainder of the year, the adjusting entery on december 31 will involve a:

Select one:

Option 1: debit to unearned service revenue $4,000
Option 2: debit to service revenue $800
Option 3: debit to unearned service revenue $800
Option 4: Credit to service revenue for $4,000

Reference no: EM132899741

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