On August 1, 2012, Al-Ali Co. received $14,000 cash from Al-Hamad Co. for services expected...
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Accounting
On August 1, 2012, Al-Ali Co. received $14,000 cash from Al-Hamad Co. for services expected to be completed by December 31. Analysis reveals that Al-Ali earned $4,000 of the services in August, The adjusting entry in Al-Ali books on August.31 is: Select one: Debiting: $4,000 Service revenue, Crediting: $4,000 Unearned Service Revenue Debiting: $14,000 Unearned Service revenue, Crediting: $14,000 Service Revenue Debiting: $14,000 Cash, Crediting: $14,000 Unearned Service Revenue Debiting: $4,000 Unearned Service revenue, Crediting: $4,000 Service Revenue
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