Century Security Services Had a New Customer Come in to Their

Essay

Century Security Services had a new customer come in to their office and request their services for a two-month period. Century will collect a total of $10,000 from the customer at the end of the two-month period. Century began providing services on June 1. On June 30, Century accrued service revenue for the first one-month period. On July 31, Century completed the services and collected $10,000 from the customer. Please provide the journal entry made to record the collection of cash from the customer on July 31.