City’s Tax Service had earned—but not yet recorded—the following client service revenue at the end of the current accounting period: Client Number Billable Hour Hourly Rate Client#1852 16 120 Client#3940 14 135 Client#4067 10 150   Prepare the necessary adjusting entry to record Marvin’s unbilled client service revenue.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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City’s Tax Service had earned—but not yet recorded—the following client service revenue at the end of the current accounting period:

Client Number

Billable Hour

Hourly Rate

Client#1852

16

120

Client#3940

14

135

Client#4067

10

150

 

Prepare the necessary adjusting entry to record Marvin’s unbilled client service revenue.

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