Answer:
The Service revenue should be recorded on June 30, 2016 adjusting entry is $6,000
Explanation:
According to the given data Service revenue = $12,000 per month
Since services will begin from June 16, thus on June 30, service revenue should be recorded for half month only.
We would calculate the Half month service revenue as follows:
Half month service revenue = $12,000 x 1/2
Half month service revenue
= $6,000
Therefore the Service revenue should be recorded on June 30, 2016 adjusting entry = $6,000
