Multiple Choice
Techno Technical Services is working on a six-month job for a client,starting on February 1.It will collect $24,000 from its customer when the job is finished but the revenue is earned evenly over the six months.On March 31,before adjusting entries are made,Techno's Accounts Receivable account had a debit balance of $3,000.After the March 31 monthly adjusting entry has been made,what will be the balance in Accounts Receivable?
A) Debit balance of $4,000
B) Credit balance of $20,000
C) Debit balance of $7,000
D) Debit balance of $24,000
Correct Answer:

Verified
Correct Answer:
Verified
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