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What the is adjusting entry on december for abc

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Problem 1: On October 1, 2019, ABC received $12,000 in advance for services to be performed over the next 12 months. The adjusting entry on December 31, 2019 is a:

a. debit to Cash and a credit to Unearned Revenue
b. debit to Fees Revenue and a credit to Unearned Revenue
c. debit to Unearned Revenue and a credit to Cash
d. debit to Unearned Revenue and a credit to Fees Revenue
e. None of the above

Reference no: EM132689415

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