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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
Late in this month, Jacob signed a contract with a new client, providing event planning services for an upcoming event. The work will be started and completed in the following month at which time the company will collect the full amount of $900 from this client. The company makes accrual adjustments monthly. The adjusted balance of service revenue, as shown on the adjusted trial balance for this month, should be a:
A) credit balance of $2,100.
B) credit balance of $900.
C) debit balance of $900.
D) credit balance of $3,000.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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6 years ago
You make an excellent tutor!
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Brilliant ツ
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