not use ai please Jefferson, CPAs provides accounting services for a client at a flat contract rate of $10,000 a month. The terms of the contract include a required payment on the 15th day of each month for theprior month's accounting services. Assuming Jefferson, CPAs post journal entries each month end, what is (are) the journal entry (entries) posted on December 31?OA. Cash10,000Accounts Receivable10,000O B. Cash10,000Service Revenue10,000C.Acounts Receivable5,000Cash10,000Service Revenue15,000O D.Cash10,000Accounts Receivable10,000Acounts Receivable10,000Service Revenue10,000

Step 1:In given question it is given that Jefferson make journal entries at the end of each…

Answered: Jefferson, CPAs provides accounting…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 14E: Accounting for bonus and vacation pay Cathy Muench a factory worker, earns 1,000 each week. In...

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