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E3-1A. Transaction Entries and Adjusting Entries Deluxe Building Services offers janitorial services on both a contract basis

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Answer #1
No General Journal Debit Credit
A Cash 42,000
Unearned service revenue 42,000
(to record record cash received)
B Unearned service revenue 7,000
Service revenue earned (42,000/6) 7,000
(to record service revenue earned)
C Fees receivable 1,000
Service revenue earned (40*25) 1,000
(to record unbilled amount)
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