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You are an Accountant at Gusikowski Limited, an architectural firm. It is June 1,...

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Accounting

You are an Accountant at Gusikowski Limited, an architectural firm.
It is June 1, and you are preparing the Financial Statements for May.
The firm started a job for a client on May 5 and finished all the work for the client on May 25.
As of June 1, the client has not been billed and no revenue for this client has been recorded.
However on June 2, Gusikowski Limited will send the client a bill for 40,000.
What adjusting journal entry should make for May?
Account
Debit
Credit'
No Journal Entry Required
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