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A Landscaping Project Was Completed on December 31,but the Customer

Question 235

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A landscaping project was completed on December 31,but the customer has not yet been billed for the agreed-upon fee of $12,000.How would the company record the related adjusting entry?


A) Debit Accounts Receivable for $12,000 and credit Landscape Revenue for $12,000.
B) Debit Cash for $12,000 and credit Landscape Revenue for $12,000.
C) Debit Unearned Revenue for $12,000 and credit Landscape Revenue for $12,000.
D) Debit Cash for $12,000 and credit Unearned Revenue for $12,000.
E) Debit Landscape Revenue for $12,000 and credit Income Summary for $12,000.

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