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ella [17]
3 years ago
9

On september​ 1, capitol maintenance company contracted to provide monthly maintenance services for the next nine months at a ra

te 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?
Business
1 answer:
Alexus [3.1K]3 years ago
8 0

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

The client paid capitol $21,600 on September 1

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

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